Fallback language and Generally accepted accounting principles: Difference between pages

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1. ''Interest rates - reference rates''.
(GAAP).  


Fallback language is contractual wording specifying a 'fallback' interest rate, and when it will be invoked.
The common set of accounting principles, standards and procedures.  


They are a combination of 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.


2.


Similar contractual wording in other contexts.
Sometimes also known as Generally Accepted Accounting Practice.




== See also ==
== See also ==
* [[Alternate Base Rate]]
* [[Accounting Council]]
* [[Fallback]]
* [[Accounting standards]]
* [[Covenant]]
* [[FASB]]
* [[Financial statements]]
* [[International Accounting Standards Board]]
* [[International GAAP]]
* [[Pension cost]]
* [[Pensions Research Accountants Group]]
* [[US GAAP]]
* [[FRC]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]

Revision as of 16:11, 17 January 2016

(GAAP).

The common set of accounting principles, standards and procedures.

They are a combination of 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