What is USGAAP?
Answers were Sorted based on User's Feedback
Answer / dinesh lakhotiya
Generally accepted accounting principles (GAAP) are the
accounting rules used to prepare financial statements for
publicly traded companies and many private companies in the
United States. Generally accepted accounting principles for
local and state governments operates under a different set
of assumptions, principles, and constraints, as determined
by the Governmental Accounting Standards Board.
Is This Answer Correct ? | 16 Yes | 0 No |
Answer / guest
It is "United State Generally Accepted Accounting
Principle".
Is This Answer Correct ? | 13 Yes | 1 No |
Answer / priyanka pawar
In the United States, Generally Accepted Accounting Principles( GAAP), are accounting rules used to prepare, present and report financial statements for companies.
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / rajesh
USGAAP is a stand for United state Generally Accepted
accounting Principle.
it is a (principle) accounting rules used to prepare
financial statements for publicly traded companies and many
private companies in the United States. as well as Local and
state governments operates under a different set of
assumptions, principles, and constraints, as determined by
the Governmental Accounting Standards Board
Is This Answer Correct ? | 2 Yes | 1 No |
How does master data differ from transaction data in co? : co- general controlling
why we are require internal orders when we are using co+st centres.
different between general ledger accounting and New G/L accounting? pls expline
What you are selected as a consultant and customer wants following process to be activated in SAP. As a consultant please suggest the modules to be implemented. Business Process : Customer who is having one Publicity department for his many companies, interested in getting the figures of Budget for certain exhibition expenses to be done by strict adherance to budget . Publicity expenses to be captured for information- separately and in the original Publicity department. a. Profit Center b. Cost Center c. Cost Element d. Internal Order e. Activity types
What are special types of log records?
In - Order to cash process like Sales order,Delivery,Billing,Payment - In COPA at what point of OTC the entry is updated in COPA & what was that entry
what is the difference between leading and non leading ledger.
how validations and substitutions are useful?
can you explainn asap methodology ?why it is use?
Asset reversal prior year in SAP. Could you please let me the process to reverse a prior year of an asset with depreciation and the risk that it might involved? Many thanks
What are the accounting entries take place in mm and sd?
What is an account group? : fi- general ledger accounting