Hierarchy Of GAAP

Hierarchy Of GAAP,

What Does Hierarchy Of GAAP Mean?

  • The generally accepted classification of the Accounting Principles (GAAP) refers to a four-tier structure developed by the Financial Accounting Standards Board (FASB), the United States Securities and Exchange Commission (SEC) and the US Certified Public. Accountant (DETIK) AICPA). Behaviors and standards at your discretion. High-level supervisors usually deal with accounting matters, while lower-level directors deal with technical issues. There are.

    • The GAAP classification is a four-tier structure for accountants to choose these principles when preparing financial reports for NGOs.
    • Since different organizations govern different parts of the accounting world, it is important to identify the most relevant standards for different accounting topics.
    • The GAAP rating indicates the most reliable criteria and best practice for a given entity or issue.
    • If higher level information on this topic is not available, the accountant may want to request relevant statements at the next level.

Literal Meanings of Hierarchy Of GAAP


Meanings of Hierarchy:
  1. A system or organization in which individuals or groups are classified on the basis of their status or authority over each other.

Sentences of Hierarchy
  1. The initiative is taken with lower Christians

Synonyms of Hierarchy

social scale, social order, grading, class system, social stratum, ladder, ranking, pecking order


Meanings of Of:
  1. Shows association between two entities, usually an association.

  2. This shows the relationship between the address and the landmark.

  3. Express the relationship between a general type or type and the specific items that fall into this category.

  4. Derived from or associated with a verb.

Synonyms of Of

made by, of, caused by, by, carried out by, from, done by, in


Meanings of GAAP:
  1. A set of generally accepted accounting rules, principles and standards that companies must follow when preparing their financial statements.