The French generally accepted accounting principles, called Plan Comptable Général (PCG) is defined by the regulation n°2014-03 written by the Authority of Accounting Rules (Autorité des normes comptables, abbr. ANC), from the committee in charge of the accountancy reglementation, update 14 December 2007. validated by the Minister of the Budget. The Authority of Accounting Rules was created by the ordonnance no 2009-79 and combines the functions of the prior CRC and CNC.ordonnance no 2009-79
using French GAAP in French Wikipedia and ANC in French Wikipedia for interpretation

Content

* Review of the subjects and principles of

accountancy Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language ...

; * Definitions of the main concepts: balance sheet,

income statement An income statement or profit and loss accountProfessional English in Use - Finance, Cambridge University Press, p. 10 (also referred to as a ''profit and loss statement'' (P&L), ''statement of profit or loss'', ''revenue statement'', ''stateme ...

and annexes, liability and

asset In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can ...

, income, loss and profit, and a presentation of accountancy and valuation rules; * List of account maintenance rules and accounts nomenclature; * Description of various accounting documentation; * Summary of special accounting rules.

Accounts classification

References

{{Reflist France Accounting in France Standards of France