What is US GAAP describe..? What is the different between
US GAAP and Indian GAAP...?
Answer / giridhar
GAAP - Generally Accepted Accounting Principles
US - United States
GAAP includes all the accounting policies, assumptions,
standards, etc.
Major portion of the Indian GAAP has been derived from US
and UK GAAP and adjusted according Indian circumstances.
US GAAP works on IATF issues, FASB statements.
Where as in Indian GAAP has explanatory notes issued by
ICAI from time to time.
The procedure for treating various items also differ in
these two gaaps. for eg. amortization
Is This Answer Correct ? | 5 Yes | 0 No |
What is Venture Capital
Three charities have common trustees and currently produce separate accounts. Can the charity somehow put these together as a single set of accounts?
which document to be require to registration of Shop & establishment of Propiretor Ship?
Why we do provisions?
what do you mean by blue chip companies?
i have cleared c.s inter. for the purpose of training i want to know the companies who are providing training of c.s in punjab state.please help me in this.
what is final accounts consisting
How does a bank or financial institution calculate COGS? What are the 'direct' costs of a loan or deposit revenue operation?
state your views about liberalisation of banks
what is mergers and acqusitions? what is holding company?
what is procedure to transfer funds between companies registered under sec 25 of the companies act? Is there is possible to get exemption certificate?
How many Extra Ordinary General Meetings should be conducted for a financial year