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 |
What is generally configured in the payment term as a default for baseline date?
is it possible to have different currencies for gl accounts under one chart of accounts ? if yes what is the significance?
Why is it not possible to post to a customer accont in a previously closed period?
What is the integration point in FI:MM in obyc. What gl a/c has to be created . can you send me the detail of the configuration.
is it possible to create group chart of accounts with the help of different different operational chart of accounts?
For stat. Key figure what is the significance of sender & receiver cost elements & cost centers?
What are exchange rate "factors" ?
what is the asset life cycle in sap fico
What is an output variance? : co- cost center accounting
Hi For what do we use this Define Max.Exchange Rate Difference? Can anybody explain me in detail.
what do you mean by automatic a/c determination? What data do you need for it?
What is Born in sale?