Examlex
In the method header the static method modifier means the method is available to code outside the class.
AICPA
The American Institute of Certified Public Accountants, a professional organization for Certified Public Accountants (CPAs) in the United States.
GAAP
Generally Accepted Accounting Principles, a set of accounting standards and principles that guide financial reporting and accounting practices in the United States.
Historical Cost
The original monetary value of an asset or investment at the time of its acquisition, not adjusted for inflation or changes in market value.
Consolidated Financial Statements
Financial statements that combine the financial information of a parent company with its subsidiaries, presenting it as if the group is a single entity.
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