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French generally accepted accounting principles

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The French generally accepted accounting principles, called Plan Comptable Général (PCG) is defined by the regulation 99-03 from the Committee of the Accountancy Regulation (Comité de la Réglementation Comptable, abbr. CRC), validated by the Minister of the Budget. In the future, changes will be suggested by the Authority of Accounting Rules (Autorité des normes comptables, abbr. ANC) which was created by the ordonnance no 2009-79 and combines the functions of the prior CRC and CNC.

Content

  • Review of the subjects and principles of accountancy;
  • Definitions of the main concepts: balance sheet, income statement and annexes, liability and asset, 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, as well as the opinions from the National Council of Accountancy (Conseil National de la Comptabilité, abbr. CNC) and the Emergency Committee (Comité d'Urgence).

    • References

    French generally accepted accounting principles Wikipedia
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