GAAP Accounting Rules

What does GAAP Stand for? GAAP in accounting is an acronym for Generally Accepted Accounting Principles. GAAP accounting rules are used to regulate accounting

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Assets in Accounting

What are Assets in Accounting? Assets in accounting are a fundamental part of the accounting equation. Assets = Liabilities + Equity Assets are things

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Budget Definition

What is a Budget? A budget is a financial plan which a business sets itself, it lays out the target financial outcome the business

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Goodwill

What is Goodwill? Goodwill is the amount by which the price paid for a business exceeds the fair value of the identifiable net assets

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