{"id":127471,"date":"2023-05-03T17:36:13","date_gmt":"2023-05-03T12:06:13","guid":{"rendered":"https:\/\/www.vskills.in\/certification\/tutorial\/?page_id=127471"},"modified":"2024-04-12T14:33:04","modified_gmt":"2024-04-12T09:03:04","slug":"gaap-glossary","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/gaap-glossary\/","title":{"rendered":"GAAP Glossary"},"content":{"rendered":"\n<p>Important definitions and terminologies used in GAAP<\/p>\n\n\n<div id=\"glossary\">\n<div style=\"font-size: 30px;letter-spacing:20px;\" id=\"letter-links\"><a href=\"#A\">A<\/a><a href=\"#B\">B<\/a><a href=\"#C\">C<\/a><a href=\"#D\">D<\/a><a href=\"#E\">E<\/a><a href=\"#F\">F<\/a><a href=\"#G\">G<\/a><a href=\"#H\">H<\/a><a href=\"#I\">I<\/a><a href=\"#J\">J<\/a><a href=\"#K\">K<\/a><a href=\"#L\">L<\/a><a href=\"#M\">M<\/a><a href=\"#N\">N<\/a><a href=\"#O\">O<\/a><a href=\"#P\">P<\/a><a href=\"#Q\">Q<\/a><a href=\"#R\">R<\/a><a href=\"#S\">S<\/a><a href=\"#T\">T<\/a><a href=\"#U\">U<\/a><a href=\"#V\">V<\/a><a href=\"#W\">W<\/a><a href=\"#X\">X<\/a><a href=\"#Y\">Y<\/a><a href=\"#Z\">Z<\/a><\/div>\n<h2 id=\"A\">A<\/h2>\n<ul>\n<li>Accounting for Intangible Assets in GAAP<\/li>\n<li>Accounting for Leases in GAAP<\/li>\n<li>Accounting Principles in GAAP<\/li>\n<li>Accrual Accounting in GAAP<\/li>\n<li>Allowance for Doubtful Accounts in GAAP<\/li>\n<li>Amalgamations in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"B\">B<\/h2>\n<ul>\n<li>Bad Debt Expense in GAAP<\/li>\n<li>Balance Sheet in GAAP<\/li>\n<li>Borrowing Costs in GAAP<\/li>\n<li>Business Entity Concept in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"C\">C<\/h2>\n<ul>\n<li>Capital Expenditures in GAAP<\/li>\n<li>Consistency in GAAP<\/li>\n<li>Consolidated Financial Statements in GAAP<\/li>\n<li>Contingent Assets in GAAP<\/li>\n<li>Contingent Liabilities in GAAP<\/li>\n<li>Contingent Liabilities in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"D\">D<\/h2>\n<ul>\n<li>Deferred Revenue in GAAP<\/li>\n<li>Depreciation in GAAP<\/li>\n<li>Disclosure in GAAP<\/li>\n<li>Discounting Operations in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"E\">E<\/h2>\n<ul>\n<li>Earnings per Share (EPS) in GAAP<\/li>\n<li>Earnings Per Share in GAAP<\/li>\n<li>Economic Entity Assumption in GAAP<\/li>\n<li>Employee Benefits in GAAP<\/li>\n<li>Equity in GAAP<\/li>\n<li>eXternal Auditing in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"F\">F<\/h2>\n<ul>\n<li>Financial Accounting Standards Board (FASB) in GAAP<\/li>\n<li>Financial Reporting of Interests in Joint Ventures in GAAP<\/li>\n<li>Financial Statements in GAAP<\/li>\n<li>Fixed Assets in GAAP<\/li>\n<li>Foreign Exchange Rates in GAAP<\/li>\n<li>Full Disclosure Principle in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"G\">G<\/h2>\n<ul>\n<li>Generally Accepted Accounting Principles in GAAP<\/li>\n<li>Going Concern Principle in GAAP<\/li>\n<li>Goodwill in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"H\">H<\/h2>\n<ul>\n<li>Historical Cost in GAAP<\/li>\n<li>Historical Financial Information in GAAP<\/li>\n<li>Holding Period in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"I\">I<\/h2>\n<ul>\n<li>Impairment Loss in GAAP<\/li>\n<li>Income Statement in GAAP<\/li>\n<li>Intangible Assets in GAAP<\/li>\n<li>Interim Financial Reporting in GAAP<\/li>\n<li>Internal Control in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"J\">J<\/h2>\n<ul>\n<li>Joint Costs in GAAP<\/li>\n<li>Joint Ventures in GAAP<\/li>\n<li>Journal Entry in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"K\">K<\/h2>\n<ul>\n<li>Key Assumptions in GAAP<\/li>\n<li>Key Performance Indicators (KPIs) in GAAP<\/li>\n<li>Knowledgeable and Competent Personnel in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"L\">L<\/h2>\n<ul>\n<li>Liabilities in GAAP<\/li>\n<li>LIFO (Last-In, First-Out) in GAAP<\/li>\n<li>Long-term Liabilities in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"M\">M<\/h2>\n<ul>\n<li>Markup in GAAP<\/li>\n<li>Matching Principle in GAAP<\/li>\n<li>Materiality in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"N\">N<\/h2>\n<ul>\n<li>Net Income in GAAP<\/li>\n<li>Non-GAAP Financial Measures in GAAP<\/li>\n<li>Notes to Financial Statements in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"O\">O<\/h2>\n<ul>\n<li>Objectivity in GAAP<\/li>\n<li>Operating Cycle in GAAP<\/li>\n<li>Ordinary Repairs in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"P\">P<\/h2>\n<ul>\n<li>Plant Assets in GAAP<\/li>\n<li>Principle of Consistency in GAAP<\/li>\n<li>Principle of Continuity in GAAP<\/li>\n<li>Principle of Materiality in GAAP<\/li>\n<li>Principle of Non-Compensation in GAAP<\/li>\n<li>Principle of Periodicity in GAAP<\/li>\n<li>Principle of Permanence of Methods in GAAP<\/li>\n<li>Principle of Prudence in GAAP<\/li>\n<li>Principle of Regularity in GAAP<\/li>\n<li>Principle of Sincerity in GAAP<\/li>\n<li>Principle of Utmost Good Faith in GAAP<\/li>\n<li>Principles-based Standards in GAAP<\/li>\n<li>Provisions in GAAP<\/li>\n<li>Prudence Concept in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"Q\">Q<\/h2>\n<ul>\n<li>Qualified Opinion in GAAP<\/li>\n<li>Qualitative Characteristics in GAAP<\/li>\n<li>Quick Ratio in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"R\">R<\/h2>\n<ul>\n<li>Related Party Disclosures in GAAP<\/li>\n<li>Relevance in GAAP<\/li>\n<li>Return on Investment (ROI) in GAAP<\/li>\n<li>Revenue Recognition Principle in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"S\">S<\/h2>\n<ul>\n<li>Segment Reporting in GAAP<\/li>\n<li>Segment Reporting in GAAP<\/li>\n<li>Specific Identification Method in GAAP<\/li>\n<li>Statement of Cash Flows in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"T\">T<\/h2>\n<ul>\n<li>Tangible Assets in GAAP<\/li>\n<li>Timeliness in GAAP<\/li>\n<li>Treasury Stock in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"U\">U<\/h2>\n<ul>\n<li>Understandability in GAAP<\/li>\n<li>Unearned Revenue in GAAP<\/li>\n<li>Unqualified Opinion in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"V\">V<\/h2>\n<ul>\n<li>Valuation in GAAP<\/li>\n<li>Variable Costs in GAAP<\/li>\n<li>Variance Analysis in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"W\">W<\/h2>\n<ul>\n<li>Weighted Average Cost in GAAP<\/li>\n<li>Working Capital in GAAP<\/li>\n<li>Working Papers in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"X\">X<\/h2>\n<ul>\n<li>Xbrl (Extensible Business Reporting Language) in GAAP<\/li>\n<li>XBRL US Data Quality Committee in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"Y\">Y<\/h2>\n<ul>\n<li>Year-end Closing Entries in GAAP<\/li>\n<li>Year-to-Date (YTD) in GAAP<\/li>\n<li>Yield in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<h2 id=\"Z\">Z<\/h2>\n<ul>\n<li>Zero Coupon Bond in GAAP<\/li>\n<li>Zero-Base Budgeting in GAAP<\/li>\n<li>Zero-coupon Convertible Bond in GAAP<\/li>\n<\/ul>\n<div><a href=\"#top\">Go to Top<\/a><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Important definitions and terminologies used in GAAP ABCDEFGHIJKLMNOPQRSTUVWXYZ A Accounting for Intangible Assets in GAAP Accounting for Leases in GAAP Accounting Principles in GAAP Accrual Accounting in GAAP Allowance for Doubtful Accounts in GAAP Amalgamations in GAAP Go to Top B Bad Debt Expense in GAAP Balance Sheet in GAAP Borrowing Costs in GAAP Business&#8230;<\/p>\n","protected":false},"author":10,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-127471","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GAAP Glossary - Tutorial<\/title>\n<meta name=\"description\" content=\"What is GAAP? GAAP glossary page lists important terms, terminologies and definitions in GAAP listed with brief details. Enrich your knowledge and skills in GAAP\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/gaap-glossary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GAAP Glossary - Tutorial\" \/>\n<meta property=\"og:description\" content=\"What is GAAP? GAAP glossary page lists important terms, terminologies and definitions in GAAP listed with brief details. Enrich your knowledge and skills in GAAP\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.vskills.in\/certification\/tutorial\/gaap-glossary\/\" \/>\n<meta property=\"og:site_name\" content=\"Tutorial\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/vskills.in\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-12T09:03:04+00:00\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/gaap-glossary\/\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/gaap-glossary\/\",\"name\":\"GAAP Glossary - Tutorial\",\"isPartOf\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#website\"},\"datePublished\":\"2023-05-03T12:06:13+00:00\",\"dateModified\":\"2024-04-12T09:03:04+00:00\",\"description\":\"What is GAAP? GAAP glossary page lists important terms, terminologies and definitions in GAAP listed with brief details. Enrich your knowledge and skills in GAAP\",\"breadcrumb\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/gaap-glossary\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.vskills.in\/certification\/tutorial\/gaap-glossary\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/gaap-glossary\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GAAP Glossary\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#website\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\",\"name\":\"Tutorial\",\"description\":\"Vskills - A initiative in elearning and certification\",\"publisher\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.vskills.in\/certification\/tutorial\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#organization\",\"name\":\"Vskills\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/07\/vskills-min-logo.jpg\",\"contentUrl\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/07\/vskills-min-logo.jpg\",\"width\":73,\"height\":55,\"caption\":\"Vskills\"},\"image\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/vskills.in\/\",\"https:\/\/x.com\/vskills_in\",\"https:\/\/www.linkedin.com\/company-beta\/1371554\/\",\"https:\/\/www.youtube.com\/channel\/UCMWnscxPwRF_PqXo9B7q_Tw\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GAAP Glossary - Tutorial","description":"What is GAAP? GAAP glossary page lists important terms, terminologies and definitions in GAAP listed with brief details. Enrich your knowledge and skills in GAAP","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.vskills.in\/certification\/tutorial\/gaap-glossary\/","og_locale":"en_US","og_type":"article","og_title":"GAAP Glossary - Tutorial","og_description":"What is GAAP? GAAP glossary page lists important terms, terminologies and definitions in GAAP listed with brief details. Enrich your knowledge and skills in GAAP","og_url":"https:\/\/www.vskills.in\/certification\/tutorial\/gaap-glossary\/","og_site_name":"Tutorial","article_publisher":"https:\/\/www.facebook.com\/vskills.in\/","article_modified_time":"2024-04-12T09:03:04+00:00","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/gaap-glossary\/","url":"https:\/\/www.vskills.in\/certification\/tutorial\/gaap-glossary\/","name":"GAAP Glossary - Tutorial","isPartOf":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#website"},"datePublished":"2023-05-03T12:06:13+00:00","dateModified":"2024-04-12T09:03:04+00:00","description":"What is GAAP? GAAP glossary page lists important terms, terminologies and definitions in GAAP listed with brief details. Enrich your knowledge and skills in GAAP","breadcrumb":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/gaap-glossary\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.vskills.in\/certification\/tutorial\/gaap-glossary\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/gaap-glossary\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.vskills.in\/certification\/tutorial\/"},{"@type":"ListItem","position":2,"name":"GAAP Glossary"}]},{"@type":"WebSite","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#website","url":"https:\/\/www.vskills.in\/certification\/tutorial\/","name":"Tutorial","description":"Vskills - A initiative in elearning and certification","publisher":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.vskills.in\/certification\/tutorial\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#organization","name":"Vskills","url":"https:\/\/www.vskills.in\/certification\/tutorial\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#\/schema\/logo\/image\/","url":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/07\/vskills-min-logo.jpg","contentUrl":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/07\/vskills-min-logo.jpg","width":73,"height":55,"caption":"Vskills"},"image":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/vskills.in\/","https:\/\/x.com\/vskills_in","https:\/\/www.linkedin.com\/company-beta\/1371554\/","https:\/\/www.youtube.com\/channel\/UCMWnscxPwRF_PqXo9B7q_Tw"]}]}},"_links":{"self":[{"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/pages\/127471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/comments?post=127471"}],"version-history":[{"count":4,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/pages\/127471\/revisions"}],"predecessor-version":[{"id":127520,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/pages\/127471\/revisions\/127520"}],"wp:attachment":[{"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/media?parent=127471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/categories?post=127471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/tags?post=127471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}