hierarchy of GAAP

Definition

An outline or framework used to determine the best source of guidance in the U.S. for Generally Accepted Accounting Principles (GAAP) in order of appropriateness. At the highest level are the official statements and opinions of the Financial Accounting Standards Board (FASB) and the American Institute of Certified Public Accountants (AICPA). At the lowest level are questions and interpretations by FASB and AICPA staff. Professional accountants are directed to first consult the top of the hierarchy, and proceed downwards only when there is no relevant verdict from a higher level.

单词	hierarchy of GAAP
释义	hierarchy of GAAP Definition An outline or framework used to determine the best source of guidance in the U.S. for Generally Accepted Accounting Principles (GAAP) in order of appropriateness. At the highest level are the official statements and opinions of the Financial Accounting Standards Board (FASB) and the American Institute of Certified Public Accountants (AICPA). At the lowest level are questions and interpretations by FASB and AICPA staff. Professional accountants are directed to first consult the top of the hierarchy, and proceed downwards only when there is no relevant verdict from a higher level.
随便看	price protection price ratchet price risk price schedule price sensitive market price sensitivity price setting price skimming price stability price stickiness price structure price support price system price tactic price taker price threshold price to book price to book (PB) ratio price to cashflow ratio price to earnings growth (PEG) ratio price to earnings (PE) ratio price-to-research ratio price to revenue ratio price to sales (PS) ratio price transparency