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Author Mccorkle, Dean ♦ Klinefelter, Danny
Source CiteSeerX
Content type Text
File Format PDF
Subject Domain (in DDC) Computer science, information & general works ♦ Data processing & computer science
Subject Keyword General Accounting ♦ Financing Term ♦ Several Authoritative Organization ♦ Pro Forma Balance Sheet ♦ Accounting Principle ♦ Guide Accounting Practice ♦ Accounting Rule ♦ Different Industry ♦ Fi Nancial Performance ♦ Pro Forma Statement ♦ Fi Nancial State-ment ♦ Pro Forma Income Statement ♦ Financial Accounting Standard Board ♦ Accounting Pro-fession ♦ Precise Set
Abstract Generally accepted accounting principles (GAAP) — Concepts, philosophies and proce-dures that guide accounting practices and stan-dards for different industries, but not a precise set of accounting rules. Several authoritative organizations and boards of the accounting pro-fession are sources of GAAP, the most authorita-tive being the Financial Accounting Standards Board (FASB). Pro forma statements — a fi nancial state-ment or presentation of data that represents fi nancial performance based on projections of events and conditions. Examples are a pro forma balance sheet and a pro forma income statement.
Educational Role Student ♦ Teacher
Age Range above 22 year
Educational Use Research
Education Level UG and PG ♦ Career/Technical Study