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Generally Accepted Accounting Principles >Generally accepted accounting principles, or "GAAP" have substantial authoritative support, and are recognized as a general guide for financial reporting purposes. "GAAP - a set of rules and practices, having substantial authoritative support, that the accounting profession recognizes as a general guide ...
https://quizlet.com/89796696/accounting-chapter-2-flash-cards/
A set of accounting standards that have substantial authoritative support, that guide accounting professionals Securities and Exchange Commission (SEC) The agency of the U.S. government that oversees U.S. financial markets and accounting standard-setting bodies
http://people.wku.edu/jack.hall/gaap.html
Appendix A, APB Opinion No. 6--Special Bulletin "Generally accepted accounting principles" are those principles which have substantial authoritative support.; Opinions of the Accounting Principles Board constitute "Substantial authoritative support."Substantial authoritative support can exist for principles that differ from Opinion of the Accounting Principles Board.
https://www.accountingdetails.com/generally_accepted_accounting_principles_gaap.htm
Generally Accepted Accounting Principles (GAAP): Generally accepted accounting principles (GAAP) are those principles that have substantial authoritative support. The AICPA’s code of professional conduct requires that members prepare financial statements in accordance with generally accepted accounting principles (GAAP).Specifically rule 203 of this code prohibits a member from expressing an ...
https://answers.yahoo.com/question/index?qid=20120119165659AAJ5JWC
Jan 19, 2012 · Indicate whether each of the following statements is true or false. (a) _____ “Generally accepted” means that these principles must have “substantial authoritative support.” (b) _____ GAAP is a set of rules and practices established by the accounting profession to serve as a general guide for financial reporting purposes.
http://ww2.justanswer.com/uploads/BusinessTutor/2010-09-05_025058_c1-4.doc
Sep 05, 2010 · 2. Generally accepted accounting principles are those principles (whether or not they have only limited usage) that have substantial authoritative support. Whether a given principle has authoritative support is a question of fact and a matter of judgment.
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