Examlex
If your study only benefits upper-class participants, which ethical principal does it break?
Accounting Period
The period of time covered by financial statements, usually consisting of 12 months, but can be of any length according to the business's reporting requirements.
Ledger
A book or collection of financial accounts where transactions are recorded.
GAAP
Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the preparation of financial statements in the U.S.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board that guide companies in preparing financial statements globally.
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