The Gap in GAAP

The Gap in GAAP PowerPoint PPT Presentation


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. . Representational Faithfulness. A key characteristic of GAAPFinancial information should mean what it saysBut representational faithfulness can be compromised by permissible GAAP alternatives. . . Examples of GAAP Alternatives. Revenue recognition on salesRevenue recognition on contractsLiab

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The Gap in GAAP

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1. The Gap in GAAP Chapter 20

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