Generally accepted accounting principles and Notional pooling: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Link with Covenant page.)
 
imported>Doug Williamson
m (Category added 9/10/13)
 
Line 1: Line 1:
(GAAP).  
''Banking''.


The common set of accounting principles, standards and procedures.  
The technique used by banks for calculating interest on balances in a notional cash pool.  


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.
Excess funds in the accounts of a company or its subsidiaries are used to offset deficits in other company accounts for the purpose of determining interest earned or owed.  


 
Notional pooling is also referred to as interest offset pooling.
Sometimes also known as Generally Accepted Accounting Practice.




== See also ==
== See also ==
* [[Accounting Council]]
* [[Cash pool]]
* [[Accounting standards]]
* [[Cross-guarantees]]
* [[Covenant]]
* [[Interest rate enhancement]]
* [[FASB]]
* [[Financial statements]]
* [[International Accounting Standards Board]]
* [[International GAAP]]
* [[Pension cost]]
* [[Pensions Research Accountants Group]]
* [[US GAAP]]
* [[FRC]]


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

Revision as of 09:54, 9 October 2013

Banking.

The technique used by banks for calculating interest on balances in a notional cash pool.

Excess funds in the accounts of a company or its subsidiaries are used to offset deficits in other company accounts for the purpose of determining interest earned or owed.

Notional pooling is also referred to as interest offset pooling.


See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Generally_accepted_accounting_principles&oldid=34817’