Examlex
Which of the following is the first step in the boot process?
GAAP
Generally Accepted Accounting Principles; the standard framework of guidelines for financial accounting used in any given jurisdiction, including the rules and standards for financial reporting.
Fair Value
The approximate value for which an asset or liability might be traded between informed, willing participants in a fair deal.
Grant Date
The date on which an employee is given the option to purchase stock at a set price.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that are becoming the global standard for the preparation of public company financial statements.
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