What is USGAAP?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is an intermediate bank? : fi- general ledger accounting

595


What is a 'year shift' in sap calendar?

731


What is partitioning characteristic in co-pa used for? : co-pa

650


if New plant is arrived what are the pre checks we will perform from Controlling end?

1159


How can be or in what way baseline date is important in automatic payment program run?

732






Explain the various reference methods? : fi- general ledger accounting

647


Hi 1)What is the maximum permissible exchange deviation in your project? 2)What is the most typical problem that you have been faced in supporting as well as implementation? 3)How you see dunning notice output?

1772


What is web? What is its purpose?

656


what is the implemention project in sap?

1774


What are special types of log records?

617


What is line item display? : fi- general ledger accounting

663


What is a lean implementation in fi-aa? : fi- asset accounting

1006


What is the ESI sheet?and its role in real time

1575


what is the pre settings for fd15 fk15 t.codes

2479


what is validation &substution

4784