Tag: fasb
The Financial Accounting Standards Board sets accounting and financial reporting standards,...
The Financial Accounting Standards Board plays a crucial role in promoting transparency and consistency in financial reporting, while sustainability reporting is essential for businesses and...
Hedge Accounting
What is 'Hedge Accounting'
Hedge accounting is a method of accounting where entries for the ownership of a security and the opposing hedge are treated...
Offsetting Transaction
What is an 'Offsetting Transaction' In trading, an activity that exactly cancels the risks and benefits of another instrument in the portfolio....
Badwill
What is 'Badwill' The negative effect felt by a company when shareholders and the investment community find out that is has done...
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...
Generally Accepted Principles And Practices (GAPP)
What is 'Generally Accepted Principles And Practices - GAPP' Standardized business procedures related to the operation of sovereign wealth funds (SWFs). The...
Generally Accepted Accounting Principles (GAAP)
What are 'Generally Accepted Accounting Principles - GAAP' Generally accepted accounting principles (GAAP) are a common set of accounting principles, standards and...
How to Account For Goodwill
When determining how much goodwill a company possesses, there are several factors that must be considered. These factors include the measurement of goodwill, the...
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...
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. These principles include...