Basis point and Generally accepted accounting principles: Difference between pages

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(bp).  
(GAAP).  


The common set of accounting principles, standards and procedures.


1.  
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.


''Interest rates''.


One hundredth of 1%
Sometimes also known as Generally Accepted Accounting Practice.


= 0.01%


= 0.0001 as a decimal.
== See also ==
 
* [[Accounting Council]]
 
* [[Accounting standards]]
For example, an increase of three basis points (0.03%) from a starting rate of 2%, would give an increased rate of 2.03%.
* [[Covenant]]
 
* [[FASB]]
 
* [[Financial statements]]
2.
* [[International Accounting Standards Board]]
 
* [[International GAAP]]
While bond coupons may be expressed in fractions (for example, quarters, eighths or sixteenths), yields and prices of most money market instruments, such as commercial paper or treasury bills, are quoted in basis points.
* [[Pension cost]]
 
* [[Pensions Research Accountants Group]]
 
* [[US GAAP]]
3.
* [[FRC]]
 
''Foreign exchange rates.''
 
One hundredth of a cent, for example $0.0001, or its equivalent in other currencies.
Often, but not always, this represents a minimum price movement in the related foreign exchange rate quotation.


 
[[Category:Accounting,_tax_and_regulation]]
== See also ==
* [[Commercial paper]]
* [[Constant net asset value]]
* [[G+]]
* [[Percentage point]]
* [[Pip]]
* [[Price value of a basis point]]

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.


See also