11 Results for Tag: fasb

Hedge Accounting

DefinitionHedge accounting is an accountancy practice. Hedge Accounting What is 'Hedge Accounting' Hedge accounting is a method of accounting where entries for the ownership of a security

Offsetting Transaction

Offsetting Transaction What is an 'Offsetting Transaction' In trading, an activity that exactly cancels the risks and benefits of another instrument in the portfolio. An offsetting transac


Badwill What is 'Badwill' The negative effect felt by a company when shareholders and the investment community find out that is has done something that is not in accordance with good busin

Variable Interest Entity (VIE)

Variable Interest Entity (VIE) What is a 'Variable Interest Entity - VIE' A variable interest entity (VIE), as reported by the U.S. Financial Accounting Standards Board (FASB), is an entit

Value Reporting Form

Value Reporting Form What is 'Value Reporting Form' An insurance form that is used to provide the variable coverage amounts needed by commercial businesses that carry irregular inventories

Generally Accepted Principles And Practices (GAPP)

Generally Accepted Principles And Practices (GAPP) What is 'Generally Accepted Principles And Practices - GAPP' Standardized business procedures related to the operation of sovereign wealt

Generally Accepted Accounting Principles (GAAP)

Generally Accepted Accounting Principles (GAAP) What are 'Generally Accepted Accounting Principles - GAAP' Generally accepted accounting principles (GAAP) are a common set of accounting pr


Goodwill By definition, goodwill is a term used to reflect how the business’s performs in terms of its reputation, and connection with the customers. It is an intangible asset of the busin

Fair Value

DefinitionIn accounting and in most Schools of economic thought, fair value is a rational and unbiased estimate of the potential market price of a good, service, or asset. It takes into acco

GAAP – Generally Accepted Accounting Principles

GAAP - Generally Accepted Accounting Principles The standard guidelines for financial accounting that apply in all legal bodies are termed as generally accepted accounting principles or GAAP
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