generally accepted accounting principles


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Related to generally accepted accounting principles: International Accounting Standards
  • noun

Synonyms for generally accepted accounting principles

a collection of rules and procedures and conventions that define accepted accounting practice

References in periodicals archive ?
Judge Laro apparently did not recognize that a professional auditing standard is devoted to the question of the meaning of "present fairly in conformity with generally accepted accounting principles in the independent; auditor's report.
Indeed, under generally accepted accounting principles the trade levies must be treated as current expenses and charged to income - usually at the time the goods subject to the additional import duty are sold.
2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures .
In measuring the true financial health and success of a state or local governmental entity, there is no replacement for generally accepted accounting principles (GAAP).
Under generally accepted accounting principles, however, CA's picture was far less rosy -- a $342 million loss on a 37 percent drop in revenues.
In an 8-K filing with the Securities & Exchange Commission, the company said the disagreement concerned the companies "consistent practice, in accordance with generally accepted accounting principles, to reflect equity contract notes in the equity section of the company's balance sheet.
generally accepted accounting principles (GAAP) to compute the earnings and profits (E&P) of foreign corporations.
The Company's management uses certain non-GAAP measures for operational and investment decisions and believes that these measures are among several useful measures for understanding its operating results, performance trends, and financial condition in addition to measures presented in accordance with Generally Accepted Accounting Principles ("GAAP").
69, The Meaning of Present Fairly in Accordance with Generally Accepted Accounting Principles.
Few issues involving financial statements in conformity with generally accepted accounting principles (GAAP) have been more elusive and difficult for preparers to address and resolve--or of greater importance--than that of materiality.
have completed cooperative efforts to produce the latest (third) edition of a report comparing generally accepted accounting principles (GAAP) in their countries.
The complaint was filed in the United States District Court of the Middle District of Florida, Tampa Division, and alleges, generally, that Checkers issued financial statements which were not prepared in accordance with generally accepted accounting principles and were materially misleading.
One question that accountants have to answer is what type of accountant's report to use--and whether the accounting methods rise to the level of generally accepted accounting principles applicable to fiduciary accounting.
The proposed SOP would provide guidance on a seller's accounting for real estate time-sharing transactions in financial statements prepared in conformity with generally accepted accounting principles.
Understanding the application of generally accepted accounting principles for assertions about derivatives, which might require that the auditor have special knowledge because of the complexity of those principles.
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