AAA stands for the American Accounting Association, a leading professional organization dedicated to the advancement of accounting education, research, and practice.
The practice of totaling the debit and credit sides of an account and inserting a balance to make them equal at the end of a financial accounting period.
UK GAAP refers to the practices followed by British accountants in preparing company accounts, governed by accounting standards, theoretical accounting concepts, and legal requirements. These are increasingly critical in determining taxable profits.
