Examlex
Children's backgrounds are composed of:
GAAP
Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting used in any jurisdiction.
IFRS
International Financial Reporting Standards, a set of accounting standards providing a global framework for how public companies prepare and disclose their financial statements.
Chart of Accounts
An organized list of all accounts used by an entity in its accounting system, facilitating the recording, reporting, and analysis of financial transactions.
Chart of Accounts
An organized list of all accounts in a business entity's financial records, each account accompanied by a reference number.
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