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Scaffolding Involves a Higher Skilled Person Helping Another Lesser Skilled

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Scaffolding involves a higher skilled person helping another lesser skilled person learn a new task. As the lesser skilled person becomes more masterful at the task, the higher skilled person withdraws his/her help as the lesser skilled person improves at the task.


Definitions:

GAAP

A series of standard accounting protocols and measures adopted broadly for financial statement compilation.

R&D Expense

Expenses incurred in the process of discovering, developing, and enhancing a company's products or services, categorized as operating expenses.

Purchased Goodwill

The amount paid in excess of the fair market value of net assets during the acquisition of a company.

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