General provision and Generally accepted accounting practice: Difference between pages

Latest revision as of 11:46, 12 October 2022

(GAAP).

Alternative name for Generally accepted accounting principles, the common set of accounting principles, standards and procedures.

@@ Line 1: / Line 1: @@
-. ''Financial reporting - balance sheet - liabilities.''
+(GAAP).
-A general provision is an accounting liability which is not linked with specific items.
+Alternative name for Generally accepted accounting principles, the common set of accounting principles, standards and procedures.
-For example a general bad debt provision, calculated as a global percentage of all receivables.
-. ''Tax.''
-Movements on general provisions are not allowable expenditure for tax purposes, nor taxable.
 == See also ==
-* [[Bad debt provision]]
+* [[Accounting]]
-* [[Liabilities]]
+* [[Accounting standards]]
-* [[Provision]]
+* [[Generally accepted accounting principles]]
-* [[Receivables]]
+* [[International Accounting Standards Board]]
+* [[International GAAP]]
+* [[US GAAP]]
 [[Category:Accounting,_tax_and_regulation]]
+[[Category:The_business_context]]