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Generally Accepted Accounting Principles

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Encyclopedia and Summary Information
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Generally Accepted Accounting Principles Summary
1,761 words, approx. 6 pages
Most individuals who understand the basics of financial reporting are familiar with the phrase generally accepted accounting principles (GAAP) and will readily identify the Financial Accounting Standards Board (FASB) as the standard-setting body in the...
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Generally Accepted Accounting Principles Information
719 words, approx. 2 pages
Generally Accepted Accounting Principles (GAAP) is the standard framework of guidelines for financial accounting, mainly used in the U.S.A.. It includes the standards, conventions, and rules accountants follow in recording and summarizing transactions,...


News and Journals
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AP News
Ernst & Young audits faulted in report
5/3/2007: 550 words, approx. 2 pages
Big Four accounting firm Ernst & Young LLP appears to have signed off on some public-company audits without having sufficient evidence to support its opinion, according to a 2006 inspection report issued Wednesday by the Public Company Accounting Oversight Board.Ernst & Young defended its work...
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AP News
Electronic Arts beats estimates for 4Q
2/1/2007: 456 words, approx. 2 pages
Electronic Arts Inc., benefiting from brisk holiday sales of video games used on Sony Corp.'s new Playstation 3, exceeded Wall Street's earnings expectations Thursday despite fiscal third-quarter sales that dropped 38 percent.Net income for the three months ended Dec. 31 was $160 million, or 50...
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AP News
EBay profit increases 24 percent
1/24/2007: 408 words, approx. 1 pages
EBay Inc. reported Wednesday that fourth-quarter profit increased 24 percent from the same period last year, trouncing Wall Street estimates and prompting executives to raise estimates for the current quarter.Thanks to scorching holiday sales _ particularly in eBay's traditional strongholds of the United States, United...
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AP News
SEC adjusts GAAP for foreign firms
6/20/2007: 507 words, approx. 2 pages
Federal regulators on Wednesday tentatively agreed to ease an accounting requirement for foreign companies whose shares trade in the United States, a move seen as propelling them on a path toward a single global standard and the possible demise of the stricter U.S. rules.The action...
 


Generally Accepted Accounting Principles Study Pack

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Generally Accepted Accounting Principles

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About 8 pages (2,480 words) in 2 products




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