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Business English Exercises
 

GAAP

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Home > Teaching Business English > Business English Lessons, Advanced Level # 75
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gaap question 1
Generally Accepted Accounting Principles are a set of accounting ......... approved by the professional accounting industry.


gaap, answer 1 gaap, study english, standards vs suggestions vs syllabuses vs systems

501 Business English Exercises — Printable, photocopiable.
For use in a classroom, at home, on your PC or anywhere.

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gaap question 2
GAAP are a combination of ......... rules set by policy boards and the commonly accepted ways of recording and reporting financial information.


gaap, answer 2 using english, authoritative vs guideline vs optional vs overriding

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 dear all, i am swami from india How can I tell 'process' from 'procedure'?
gaap question 3
They can become accepted either as a result of due ......... or as a result of long term practice.


gaap, answer 3 business international, placement vs polling vs procedure vs process

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gaap question 4
Accountants cannot express the opinion that financial statements are "in conformity with generally accepted accounting principles" if such information includes any ......... from these principles.


gaap, answer 4 college english, departures vs duplications vs projections vs quotations

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gaap question 5
After the Stock Market ......... of 1929, the American Institute of Accountants introduced five broad principles of accounting which have won fairly general acceptance.


gaap, answer 5 business online, bubble vs bust vs crash vs plunge

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gaap question 6
It is relatively unimportant to investors what reporting method is used by a company, so long as they are assured that it is followed ......... every year.


gaap, answer 6 gaap, classroom english, conclusively vs consistently vs constantly vs cooperatively

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gaap question 7
In 1934, the U.S. Congress created the Securities and ......... Commission (SEC), giving it the authority to prescribe the methods used in preparing financial statements.


gaap, answer 7 english language, earnings vs economic vs evaluation vs exchange

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gaap question 8
In 1938, Congress permitted companies to use a new ......... method, lifo, for income tax purposes.


gaap, answer 8 business telephone, inclusive vs introductory vs inventory vs investment

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gaap question 9
In 1939, the AIA recommended the phrasing, "present fairly in conformity with generally accepted accounting principles" in the standard form of the ......... report.


gaap, answer 9 business activities, auditor's vs financial vs management vs stockholders'

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gaap question 10
The P & L monograph of 1940 promulgated the "......... principle", which places primary emphasis on the correspondence of costs with the revenues that they produce.


gaap, answer 10 oral english, alignment vs approximation vs concord vs matching

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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
You will be exposed to a wealth of authentic sample sentences that include a great variety of themes. This compact Business English Test Package is the only printable English test collection currently available on the Internet. It contains 501 Business English Exercises (10 questions per test plus answer keys).  Get your unique Business English Practice Exercises now!

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