generally accepted accounting principles

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  • noun

Synonyms for generally accepted accounting principles

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

Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
Other articles this month tackle a variety of topics relevant to managing an accounting practice. Articles in our department section look at how to manage risk, how to improve employee engagement, and how to adapt to a future workplace that is increasingly reliant upon software robots.
The combination of the two firms will create a premier global forensic accounting practice, adding a well-established, global player that will enhance the ability of both teams to serve clients worldwide.
The so-called Generally Recognized Accounting Practices (GRAP) that are being enforced in the public sector of countries such as South Africa, one of the front-runners in this regard is based on the Generally Accepted Accounting Practices originally developed for the private sector.
The Nairobi Securities Exchange-listed firm posted a net profit of Sh527.4 million in the review period, down 78 per cent from Sh2.48 billion a year earlier.The drop in profit is linked to the adoption of a new accounting practice that increased expenses on policy holders' benefits by S.8 billion while reducing that of 2016 by Sh2.7 billion.
Past: Silicon Valley/San Jose Chapter President: Management of an Accounting Practice Committee Silicon Valley/San Jose Chapter; Nonprofit Committee (Silicon Valley/San Jose Chapter); CalCPA Financial Literacy Committee; CalCPA Management of an Accounting Practice Committee, chair; CalCPA Nominations Committee.
Robert's accounting practice was one of the assets he kept when his divorce from Martha Ellen Smith was granted on Jan.
Keywords: Difference-in-difference method, Corporate governance, Management accounting practice, Organizational performance
RQ4: Which is the most importance objective for each Management Accounting Practice (MAP)?
Consider a two-stage deal--primarily designed for the small accounting practice of one to three partners who want to reduce their time commitment over a one- to five-year period.
It follows, therefore, that inventory rules cannot be uniform but must give effect to trade customs which come within the scope of the best accounting practice in the particular trade or business.
add economic analysis, but at the expense of the minutia of accounting practice. Many observers do not believe that students can learn complex, highly detailed procedures on their own after graduation merely by CD self-study.
The Norwegian financial group Storebrand ASA said today (30 July) that an independent review of its accounts by Deloitte & Touche had found them to be in accordance with good accounting practice.
Under this approach, FASB would (1) enhance the current historical cost-based financial reporting framework by issuing a derivatives accounting standard that is based on the best current accounting practice for derivatives, and (2) supplement the historical cost-based statements with expanded disclosures of financial statements based on fair values, including the fair values of derivatives and other financial instruments.
The taxpayer's method, however, may have been accepted, customary, or even the preferred industry accounting practice. Although some IRS personnel may perfervidly believe that the method fails to clearly reflect income, widespread industry practice and generally accepted accounting principles suggest otherwise.