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Accounting earnings |
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Accounting earningsEarnings of a firm as reported on its income statement.Accounting earnings Similar MatchesFinancial Accounting Standards Board (FASB)Financial Accounting Standards Board (FASB)Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP). Statement of Financial Accounting Standards No 52Statement of Financial Accounting Standards No 52The currency translation standard currently used by US firms. It mandates the use of the current rate method. See: Statement of Financial Accounting Standards No. 8. Statement of Financial Accounting Standards No 8Statement of Financial Accounting Standards No 8The is a currency translation standard once used by U.S. accounting firms. See: Statement of Accounting Standards No. 52. Accrual Accounting ConventionAccrual Accounting ConventionAn accounting system that tries to match the recognition of revenues earned with the expenses incurred in generating those revenues. It ignores the timing of the cash flows associated with revenues and expenses. Replacement cost accountingReplacement cost accountingAn accounting method that includes as part of depreciation the difference between the original purchase price of an asset and the current ../../finance-glossary/ment cost. Further SuggestionsHistorical Cost Accounting ConventionAverage accounting return Generally Accepted Accounting Principles (GAAP) Accounting Standards Board Accounting insolvency accounting reference date Growth accounting Purchase accounting Cost accounting current cost accounting Accounting liquidity Regulatory accounting procedures (RAP) Inflation accounting |
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