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Yes, I have demonstrated proficiency in US GAAP through extensive training and hands-on experience in financial reporting and accounting practices. I am well-versed in the principles and guidelines that govern financial statements and disclosures, ensuring compliance and accuracy. My understanding of US GAAP enables me to analyze and interpret financial data effectively, facilitating informed decision-making.
What else can I help you with?
How many multinationals use us gaap?
The exact number keeps changing but i can tell you that the IFRS and IAS are made so as to be in line with US GAAP. So, any country following them will definitely be in line with US GAAP.
Should deprciation should be charged on idle assets?
Under all of US GAAP, CDN GAAP and IFRS, idle assets should continue to be depreciated.
Does a nonprofit have to follow GAAP?
Yes. IN the US non profits are expected to follow GAAP accounting rules. In Europe and expanding to most other parts of the developed world, companies are using IFRS.
How many international accounting standards are there?
Typically, every country can have their own set of accounting standards used for private enterprises. However, the three major accounting standards recognized globally are US GAAP, Canadian GAAP (although Canada is switching to IFRS effective January 1st, 2011), and IFRS (which is used by most countries in the world now, excluding USA, which uses US GAAP). *GAAP = Generally Accepted Accounting Principles **IFRS = International Financial Reporting Standards
Do all US companies have to use GAAP?
Not all U.S. companies are required to use Generally Accepted Accounting Principles (GAAP). Publicly traded companies must adhere to GAAP as mandated by the Securities and Exchange Commission (SEC). However, private companies can choose whether to follow GAAP or an alternative accounting framework, such as the cash basis or tax basis of accounting, depending on their needs and regulatory requirements.
What is the XBRL term for sales and for gross profit?
It depends which GAAP you are referring to. The answer would be different for US GAAP, Canadian GAAP or IFRS. If you mean US GAAP, you can look it up at http://xbrl.us/Pages/US-GAAP.aspx - the answer(s) would probably be SalesRevenueNet and GrossProfit, respectively.
Show you a sentence of proficiency?
How do you give proficiency test? You must have proficiency in english!
How many multinationals use us gaap?
The exact number keeps changing but i can tell you that the IFRS and IAS are made so as to be in line with US GAAP. So, any country following them will definitely be in line with US GAAP.
Should deprciation should be charged on idle assets?
Under all of US GAAP, CDN GAAP and IFRS, idle assets should continue to be depreciated.
Where GAAP is implementing in Pakistan?
gaap
Define inflationary economy under US GAAP?
define an inflationary economy
Does a nonprofit have to follow GAAP?
Yes. IN the US non profits are expected to follow GAAP accounting rules. In Europe and expanding to most other parts of the developed world, companies are using IFRS.
How many international accounting standards are there?
Typically, every country can have their own set of accounting standards used for private enterprises. However, the three major accounting standards recognized globally are US GAAP, Canadian GAAP (although Canada is switching to IFRS effective January 1st, 2011), and IFRS (which is used by most countries in the world now, excluding USA, which uses US GAAP). *GAAP = Generally Accepted Accounting Principles **IFRS = International Financial Reporting Standards
Do all US companies have to use GAAP?
Not all U.S. companies are required to use Generally Accepted Accounting Principles (GAAP). Publicly traded companies must adhere to GAAP as mandated by the Securities and Exchange Commission (SEC). However, private companies can choose whether to follow GAAP or an alternative accounting framework, such as the cash basis or tax basis of accounting, depending on their needs and regulatory requirements.
Short note of accounting standards and GAAP?
short note on GAAP
How does GAAP affect financial reporting?
How does GAAP affect financial reporting?
What do you mean by gaap?
GAAP is an acronym for Generally Accepted Accounting Principles
