Generally accepted accounting principles: Difference between revisions
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(GAAP). The common set of accounting principles, standards and procedures. | (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 ASB in the UK) and the accepted ways of doing accounting. | They are a combination of published authoritative standards (set by policy boards such as the FASB in the US and the ASB in the UK) and the accepted ways of doing accounting. | ||
== See also == | == See also == | ||
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* [[Pensions Research Accountants Group]] | * [[Pensions Research Accountants Group]] | ||
* [[US GAAP]] | * [[US GAAP]] | ||
Revision as of 11:45, 27 August 2013
(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 ASB in the UK) and the accepted ways of doing accounting.
