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What is GAAP Accounting?
Accounting

What is GAAP Accounting?

GAAP accounting occurs when a business records financial transactions and issues financial statements that are in accordance with GAAP rules. GAAP is an acronym for…
What is GAAP Hierarchy?
Accounting

What is GAAP Hierarchy?

The GAAP hierarchy defines the level of authority of different accounting pronouncements. When researching an accounting issue, the individual should first look for relevant advice…
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