Examlex
The support that parents provide one another in raising a child together is called
GAAP
Generally Accepted Accounting Principles; a collection of commonly followed accounting rules and standards for financial reporting in the United States.
Financial Reporting
Financial reporting involves the disclosure of financial information to various stakeholders about the company's performance over a period.
Management's Responsibility
The obligation of an organization's management to ensure accurate and complete financial reporting, adherence to laws and regulations, and effective operation of the entity.
Primary User Groups
The main categories of users who rely on a company's financial information, typically including investors, creditors, and regulatory agencies.
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