generally accepted accounting principles

(redirected from Accounting Standards)
Also found in: Dictionary, Legal, Financial.
Graphic Thesaurus  🔍
Display ON
Animation ON
  • 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 ?
The FASB said it developed its Proposed Accounting Standards Update, Financial Instruments--Overall: Recognition and Measurement of Financial Assets and Financial Liabilities, as part of its broader joint project with the International Accounting Standards Board to improve and converge the accounting for financial instruments.
The International Accounting Standards Board (IASB) in November proposed establishing an Accounting Standards Advisory Forum to provide input on international standards.
In 2009, the International Accounting Standards Board set up a separate set of international accounting standards for private companies, called IFRS for SMEs.
Apart from laying down principles of financial reporting for Islamic financial institutions and providing the basis for AAOIFI accounting standards, the new Conceptual Framework also gives updated guidance on accounting treatment for investment accounts.
Issuance of the new accounting standards and guidance note was approved by AAOIFI Accounting and Auditing Standards Board at its meeting in Dubai.
"We strongly support the eventual use of a single set of high-quality, comprehensive global accounting standards by public companies in the preparation of transparent and comparable financial reports throughout the world, and thus continue to strongly support the objectives of the IASCF and the IASB," Melancon said.
For the past three decades it has become increasingly vocal in its support of a single set of robust accounting standards that would be used worldwide.
The committee has active members serving as representatives on FASB/International Accounting Standards Board (IASB), Financial Performance Reporting Task Force, FASB Emerging Issues Task Force (EITF) and PCAOB Standing Advisory Group (SAG).
The Financial Accounting Standards Board (FASB) has added a project to its agenda to reconsider the current accounting standards for leases.
Contract Pricing and Cost Accounting Standards (DFARS Case 2003-D014)
141 is likely to be replaced by the recently Proposed Statement of Financial Accounting Standards, Business Combinations.
Financial reports produced by companies domiciled in various countries contain financial statements based on very different accounting standards. Multinational companies operating or raising capital must maintain multiple accounting records and financial reports, and international investors and financial analysts must grapple to understand them.
As my colleagues at the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) will agree, fair value accounting poses many challenges and has sparked significant industry debate.
Full browser ?