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IAS international accounting standard which comprises the IFRS
SAP is an ERP system
GRAP Generally Recognized Accounting Principles
NON.GAAP a practice not supported by the Generally Accepted Accounting Principles
FASB Financial Accounting Standard Board
IFRS international Financial Reporting Standard
GAAP Generally Accepted Accounting Principles
GAAS Generally Accepted Auditing Standards
I am with Mr. Khaled Abdelrehim answer.
This is complex question & should've been divided into4 or5 questions. But the answers are more than enough.
Agree with Ahmed Abd Alwahab Awad Ibrahim, Khaled Abdelrehim (CMA), and Hany Bahgat Abd Albasset Alshoura...
An older set of standards stating how particular types of transactions and other events should be reflected in financial statements. In the past, international accounting standards (IAS) were issued by the Board of the International Accounting Standards Committee (IASC).
It is an ERP system for “Enterprise Resources Planning” that provides users with a soft real-time business application. It contains a user interface and is considered extremely flexible. In an SAP audit the two main areas of concern are security and data integrity.
(IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB) that is becoming the global standard for the preparation of public company financial statements.
The common set of accounting principles, standards and procedures that companies use to compile their financial statements. GAAP are a combination of authoritative standards (set by policy boards) and simply the commonly accepted ways of recording and reporting accounting information.
A seven-member independent board consisting of accounting professionals who establish and communicate standards of financial accounting and reporting in the United States. FASB standards, known as generally accepted accounting principles (GAAP), govern the preparation of corporate financial reports and are recognized as authoritative by the Securities and Exchange Commission.
A set of systematic guidelines used by auditors when conducting audits on companies' finances, ensuring the accuracy, consistency and verifiability of auditors' actions and reports.GRAP = Generally Recognized Accounting PracticesThe term Generally Recognized Accounting Practices, sometimes referred to as GRAP, is a set of concepts that function as guidelines for the accounting processes. This is the public counterpart of the GAAP, or Generally Accepted Accounting Practices, which is a set of rules used by private entities.
Computationsusedtoreportcorporateincomeandearningsthatarenotdefinedbygenerallyacceptedaccountingprinciples(GAAP)aredescribedasnon-GAAPmetrics.
IASIAS or International Accounting Standards were the group of standards that decide structure of financial statements in terms of transactions and other financial events. These IAS standards were established by IASC (International Accounting Standard Committee), but after2001 these standards were altered by IASB (International Accounting Standard Board).SAPSAP or Statutory Accounting Principles are applied only on insurance companies and decide their basis for making financial statements. These principles are governed by NAIC (National Association of Insurance Commissioner).GRAPGRAP or Gender Reform Action Plan is the set of policies and procedures that are being developed to empower women and gender perspectives in public sector by means of administrative and institutional restructuring. This program was governed by Asian Development bank on special request of Government of Pakistan.Non-GAAPNon-GAAP are those financial measures or financial statements that are prepared on permamant basis rather than accepted generally.FASBFASB or Financial Accounting Standard Board is the non-profitable private organization that established the accounting standard in United States, just for public companies. FASB was designated by SEC or Securities and Exchange Commission in1973.IFRSIFRS or International Financial Reporting Standard comprises such the accounting principles, framework and interpretations that were developed by IASB (International Accounting Standard Board).GAAPGAAP or Generally Accepted Accounting Principles is the name of such framework that comprises standards and rules for financial accounting. These accounting principles are used in making of financial statements by recording and summarizing the accounting standards.GAASGAAS or Generally Accepted Auditing Standards means such group of standards that decide the procedure and quality of audits. In US GAAS, there are ten auditing standards and in different countries these numbers vary to some extent.
