Correlation and Generally accepted accounting principles: Difference between pages
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(GAAP). | |||
The common set of accounting principles, standards and procedures. | |||
They are a combination of: | |||
* Law | |||
* Published authoritative standards (set by policy boards such as the FASB in the US and the FRC in the UK) and | |||
* The accepted ways of doing accounting. | |||
Sometimes also known as Generally Accepted Accounting Practice. | |||
== See also == | == See also == | ||
* [[ | * [[Accounting Council]] | ||
* [[ | * [[Accounting standards]] | ||
* [[ | * [[Covenant]] | ||
* [[ | * [[FASB]] | ||
* [[ | * [[Financial statements]] | ||
* [[ | * [[International Accounting Standards Board]] | ||
* [[ | * [[International GAAP]] | ||
* [[Pension cost]] | |||
* [[Pensions Research Accountants Group]] | |||
* [[US GAAP]] | |||
* [[FRC]] | |||
[[Category: | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 22:12, 23 March 2016
(GAAP).
The common set of accounting principles, standards and procedures.
They are a combination of:
- Law
- Published authoritative standards (set by policy boards such as the FASB in the US and the FRC in the UK) and
- The accepted ways of doing accounting.
Sometimes also known as Generally Accepted Accounting Practice.