Examlex
Prospective analysis can only be conducted after historical financial statements have been adjusted.
Properly Perform
To execute or carry out a task or duty correctly, efficiently, and up to the expected standards or specifications.
Generally Accepted Accounting Principles
Generally Accepted Accounting Principles (GAAP) refer to a common set of accounting rules, standards, and procedures used in preparing financial statements in the United States.
Financial Accounting Standards Board
An independent nonprofit organization responsible for establishing accounting and financial reporting standards for companies and organizations in the United States.
Federal Law
Legislation enacted by a country's federal government that is valid across the entire nation.
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