GAAP | Tags | Real Estate Lexicon

January 1, 1 6 min read Definitions

Amortization Deferred Charges Intangible Assets Financing Costs Depreciation Accounting Principles GAAP Real Estate Financing

Amortization of Deferred Charges refers to the procedure that allocates the cost of intangible assets to accounting periods, similar to how depreciation handles tangible assets. This concept is especially relevant for costs incurred to arrange loans and leases, which are typically written off over the term of the agreement.

January 1, 1 7 min read Definitions

Financial Accounting Standards Board (FASB) 141 (FAS 141) Generally Accepted Accounting Principles (GAAP)

FASB 141 GAAP Business Combinations Asset Recognition Liability Recognition Merger Accounting Financial Reporting Amortization

Financial Accounting Standards Board (FASB) 141 outlines the principles for recognizing and measuring assets and liabilities acquired in a business combination. This standard ensures accurate financial reporting for mergers and acquisitions within Generally Accepted Accounting Principles (GAAP).

January 1, 1 7 min read Definitions

GAAP: Generally Accepted Accounting Principles

GAAP Accounting Principles Financial Statements Income Tax Corporate Finance Real Estate Accounting

GAAP (Generally Accepted Accounting Principles) constitutes a common set of accounting standards, principles, and procedures that companies and other entities use to compile their financial statements.

January 1, 1 5 min read Definitions

Generally Accepted Accounting Principles (GAAP)

GAAP Financial Reporting FASB CPAs Accounting Standards Real Estate

Generally Accepted Accounting Principles (GAAP) are a set of rules and guidelines prepared by the Financial Accounting Standards Board (FASB) and adhered to by Certified Public Accountants (CPAs) to ensure consistency, reliability, and transparency in financial reporting.