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Accounting Principles

Generally accepted accounting principles (GAAP) refer to a common set of accounting principles, standards, and procedures issued by the Financial Accounting Standards Board (FASB). Public companies in the United States must follow GAAP when their accountants compile their financial statements. GAAP is a combination of authoritative standards (set by policy boards) and the commonly accepted ways of recording and reporting accounting information. GAAP aims to improve the clarity, consistency, and comparability of the communication of financial information. GAAP may be contrasted with pro forma accounting, which is a non-GAAP financial reporting method. Internationally, the equivalent to GAAP in the United States is referred to as international financial reporting standards (IFRS). IFRS is followed in over 120 countries, including those in the European Union (EU).

High Impact List of Articles

Relevant Topics in Materials Science

Google Scholar citation report
Citations : 468

Materials Science: An Indian Journal received 468 citations as per Google Scholar report

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