Examlex
When an interviewer's evaluation is biased because they were unimpressed by the applicant's choice of attire, the interviewer's judgment is being biased by the halo effect.
U.S. GAAP
Generally Accepted Accounting Principles as practiced in the United States, a framework of accounting standards, principles, and procedures.
Reversing Temporary Difference
A temporary difference that will result in deductible amounts in future years, affecting taxable income.
Originating Temporary Difference
An originating temporary difference in accounting refers to the initial differences between the book value of an asset or liability and its tax base, which will result in taxable or deductible amounts in the future.
Permanent Difference
An accounting difference between the taxable income and accounting income that will not reverse in future periods.
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