Deferred taxes are one of the main reasons to hate Generally Accepted Accounting Principles.
Then there is the fact that not all municipalities use generally accepted accounting rules (GAAP).
How big would the federal debt be if it were reported under Generally Accepted Accounting Principles (GAAP)?
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The U.S. uses Generally Accepted Accounting Principles (GAAP), which are deemed to have a relatively high standard.
For the rest, he says, the benefits of switching from America's generally accepted accounting principles are minimal and will not justify the costs.
For one thing, American stock exchanges cannot list the shares of overseas companies that do not follow America's generally accepted accounting principles (GAAP).
On a conference call this morning, Bonfield indicated that there were also other ways in which Bristol's bookkeeping deviated from generally accepted accounting principles.
Then Kenney learned that the deal, the biggest in the company pipeline, could not be booked under generally accepted accounting principles until a contingency--school board approval--was met.
Net cash flow is generally defined as the profits of a business plus non-cash expenses, but it is not a term recognized by generally accepted accounting principles.
The performance criteria used to determine the annual bonuses for the named executive officers were net sales and operating income as determined in accordance with generally accepted accounting principles.
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The prospects and desirability of convergence between U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) have been much debated, but the SEC has not yet decided whether and how to proceed.
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Earnings, on an adjusted basis, rose to 83 cents per share, from 74 cents per share, but sunk to 9 cents per share, from 67 cents per share, when measured by Generally Accepted Accounting Principals, or GAAP.
Merck spokeswoman Gwen Fisher said Merck is confident that Medco's practice is in accordance with Generally Accepted Accounting Principles, and added that the company did not want to make any further comment because it is in a quiet period preceding the Medco IPO.
The following tables include information about non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income, and non-GAAP earnings per share (collectively, the "non-GAAP financial measures"), which are not measurements of financial performance prepared in accordance with U.S. generally accepted accounting principles.
This press release includes information about non-GAAP operating income, non-GAAP net income, and non-GAAP earnings per share (collectively with non-GAAP gross margin and non-GAAP operating expenses, the "non-GAAP financial measures"), which are not measurements of financial performance prepared in accordance with U.S. generally accepted accounting principles.
Summary: Although convergence between US generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS) has been the subject of much debate and collaborative effort, it is still unclear when the US Securities and Exchange Commission (SEC) will make a determination about how to proceed, or what its final decision is likely to be.
In order to provide comparability with the results of other US wireless carriers, all financial amounts are in US dollars and are based on accounting principles generally accepted in the United States ("GAAP").
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In Fedville, accounting practices do not have to abide by generally accepted rules.
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