Generally accepted accounting principles
Generally accepted accounting principles (GAAP) are the standard framework of guidelines for financial accounting used in any given jurisdiction; generally known as accounting standards or standard a...
Generally accepted accounting principles - Wikipedia
Expense
In common usage, an expense or expenditure is an outflow of money to another person or group to pay for an item or service, or for a category of costs. For a tenant, rent is an expense. For students o...
Financial statement
A financial statement (or financial report) is a formal record of the financial activities of a business, person, or other entity.Relevant financial information is presented in a structured manner and...
Financial statement - Wikipedia
International Financial Reporting Standards
International Financial Reporting Standards (IFRS) are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundar...
Inventory
Inventory or stock refers to the goods and materials that a business holds for the ultimate purpose of resale (or repair).Inventory management is a science primarily about specifying the shape and per...
Generally Accepted Accounting Principles (United States)
Generally Accepted Accounting Principles, also called GAAP or US GAAP, are the generally accepted accounting principles adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC has ...
Gross income
Gross income in United States tax law is receipts and gains from all sources. Gross income is the starting point for determining Federal and state income tax of individuals, corporations, estates and...
Depreciation
In accountancy, depreciation refers to two aspects of the same concept: The former affects the balance sheet of a business or entity, and the latter affects the net income that they report. Genera...
List of International Financial Reporting Standards
This is a list of the International Financial Reporting Standards (IFRSs) and official interpretations, as set out by the IFRS Foundation. It includes accounting standards either developed or adopted ...
Disposable income
Disposable income is total personal income minus personal current taxes. In national accounts definitions, personal income minus personal current taxes equals disposable personal income. Subtracting p...
Net income per employee
Net Income per Employee (NIPE) is a company's net income divided by the number of employees. In general, the higher the number, the more efficient the company uses its employees, however the numbers a...
Percentage-of-completion method
Percentage of completion (PoC) is an accounting method of work-in-progress evaluation, for recording long-term contracts. GAAP allows another method of revenue recognition for long-term construction c...
French generally accepted accounting principles
The French generally accepted accounting principles, called Plan Comptable Général (PCG) is defined by the regulation 99-03 from the Committee of the Accountancy Regulation (Comité de la Réglementatio...
International Public Sector Accounting Standards
International Public Sector Accounting Standards (IPSAS) are a set of accounting standards issued by the IPSAS Board for use by public sector entities around the world in the preparation of financial ...
Vendor-specific objective evidence
In accounting practices, vendor-specific objective evidence (VSOE) is a method of revenue recognition allowed by US GAAP that enables companies to recognize revenue on specific items on a multi-item s...
Furniture, fixtures and equipment (accounting)
Furniture, fixtures, and equipment (or FF&E) is an accounting term used in valuing, selling, or liquidating a company or a building.FF&E are movable furniture, fixtures, or other equipment tha...
Insurance asset management
Insurance Asset Management is the activity and the skill of managing insurance and pension assets as they accumulate over time, with due consideration to embedded product features, including possible ...
List of GASB Statements
The Governmental Accounting Standards Board Statements (GASB Statements in short) are issued by GASB to set generally accepted accounting principles (GAAP) for state and local governments in the Unite...
Earnings before interest, taxes and depreciation
EBITD is an initialism or acronym for Earnings Before Interest, Taxes and Depreciation. See EBITDA.Some people find it useful to know this value for a business. On the other hand, some businesses ma...
Sales (accounting)
In bookkeeping, accounting, and finance, Net sales are operating revenues earned by a company for selling its products or rendering its services. Also referred to as revenue, they are reported directl...
Non-operating income
Non-operating income, in accounting and finance, is gains or losses from sources not related to the typical activities of the business or organization. Non-operating income can include gains or losse...
Pro forma
The term pro forma (Latin for "as a matter of form" or "for the sake of form") is most often used to describe a practice or document that is provided as a courtesy and/or satisfies minimum requirement...
Inventory bounce
Inventory bounce is a term used in economics to describe an economy's bounce back to normal GDP levels after a recession.Firms usually keep a certain amount of inventory. When an economy faces a reces...
Matching principle
In accrual accounting, the matching principle states that expenses should be recorded during the period in which they are incurred, regardless of when the transfer of cash occurs. Conversely, cash bas...
Return on investment
Return on investment (ROI) is the benefit to the investor resulting from an investment of some resource. A high ROI means the investment gains compare favorably to investment cost. As a performance me...
Coupon
In marketing, a coupon is a ticket or document that can be exchanged for a financial discount or rebate when purchasing a product.Customarily, coupons are issued by manufacturers of consumer packaged ...
Coupon - Wikipedia
Generally Accepted Accounting Principles (Canada)
Generally Accepted Accounting Principles (GAAP) of Canada provides the framework of broad guidelines, conventions, rules and procedures of accounting.
In Canada, professional development parallele...
Deprival value
Deprival value is a concept used in accounting theory to determine the appropriate measurement basis for assets. It is an alternative to historical cost and fair value or mark to market accounting. ...