Examlex
In order to exert influence on corporate managers,groups can pool resources to buy huge blocks of stock.These groups are known as
GAAP
Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting used in any given jurisdiction, notably the U.S.
IFRS
International Financial Reporting Standards - a set of accounting standards developed by the International Accounting Standards Board that is used globally.
Intangibles
Assets that cannot be touched or physically measured, such as patents, copyrights, and trademarks.
Amortized
The process of gradually writing off the initial cost of an asset over a period, thereby reducing its book value on a company's balance sheet.
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