Generally accepted accounting principles: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Amended ASB to FRC for UK Accounting Standards) |
imported>Doug Williamson (Link with Accounting standards page.) |
||
| Line 11: | Line 11: | ||
== See also == | == See also == | ||
* [[Accounting Council]] | * [[Accounting Council]] | ||
* [[Accounting standards]] | |||
* [[FASB]] | * [[FASB]] | ||
* [[Financial statements]] | * [[Financial statements]] | ||
Revision as of 15:38, 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.
