Glossary of Accounting, Financial & Investing Information - G
GAAP stands for generally accepted accounting principles. The financial statements of a business must be prepared according to GAAP. The Financial Accounting Standards Board (FASB) is the organization that establishes financial accounting and reporting standards in the US.
A GIC is a guaranteed investment certificate. GICs are interest-bearing investments which can be short or long term. Funds are normally locked in until the maturity date, although some GICs have the option of cashing in early.
See also index-linked GIC.
When one corporation acquires
another, goodwill (an intangible asset)
will be shown on the purchaser's consolidated balance sheet if the
purchaser pays more than the agreed-upon value of the fixed assets
Gross margin, also called gross profit, is determined by deducting cost of goods sold from total revenue.
A growth investor purchases shares in companies which are expect to grow their revenues and earnings at above-average rates.
Revised: October 31, 2020
Copyright © 2008 Boat Harbour Holdings Ltd. See Reproduction of information on USTaxTips.net
The information on this site is not intended to be a
substitute for professional advice. Each person's situation differs, and
a professional advisor can assist you in using the information on this web
site to your best advantage.