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

Last modified August 31st, 2016 by Team
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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

Last modified June 29th, 2016 by Team
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Management Accounting

What is Management Accounting? The term management accounting or managerial accounting relates mainly to the preparation of financial statements and other accounting information for

Last modified August 26th, 2016 by Team
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Financial Accounting

What is Financial Accounting? The term financial accounting relates mainly to the preparation of financial statements for presentation to third parties such as investors,

Last modified August 26th, 2016 by Team
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Accounting

The accounting definition is that it is a set of concepts and methods used to measure and report financial information about a business. Accounting

Last modified November 14th, 2017 by Team
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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

Last modified November 21st, 2018 by Team
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Net Worth

What is Net Worth? Net worth can refer to an individual or to a business or company and is simply the difference between the

Last modified August 1st, 2016 by Team
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