Generally Accepted Accounting Principles

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Definitions
Accounting Principles Board (APB)
Accounting Principles Board APB Financial Accounting Standards Board FASB AICPA Generally Accepted Accounting Principles GAAP Accounting Standards Historical Accounting
The Accounting Principles Board (APB) was the authoritative body that preceded the Financial Accounting Standards Board (FASB) in the USA. Established in 1959 by the American Institute of Certified Public Accountants (AICPA), it issued 31 Opinions that significantly contributed to the theory and practice of accounting and continue to influence Generally Accepted Accounting Principles (GAAP).
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Definitions
Big GAAP
Big GAAP Generally Accepted Accounting Principles Financial Reporting Large Entities Accounting Standards
Big GAAP refers to the generally accepted accounting principles (GAAP) applied to large entities. It encompasses a comprehensive set of accounting standards used globally to ensure consistency, reliability, and transparency in the financial statements of large corporations.
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Definitions
Generally Accepted Accounting Principles (US GAAP)
Generally Accepted Accounting Principles US GAAP Accounting Standards Financial Reporting Accountancy Financial Statements Harmonization IFRS
US GAAP refers to the accounting rules, standards, and concepts that guide US accountants in measuring, recording, and reporting financial transactions.
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