Tetanus, diphtheria, and pertussis are very serious diseases. Tdap vaccine can protect us from these diseases. And, Tdap vaccine given to pregnant women can protect newborn babies against pertussis. TETANUS (Lockjaw) is rare in the United States today.
GAAP (generally accepted accounting principles) is a collection of commonly-followed accounting rules and standards for financial reporting. The acronym is pronounced gap.. GAAP specifications include definitions of concepts and principles, as well as industry-specific rules.
How it works/Example: There are four widely recognized accounting conventions that guide accountants: 1. Be conservative. In other words, play it safe. 2. Disclose in full. 3. Be consistent. In other words, use the same method for calculating and reporting similar events. 4. Report everything that is important.This is also known as the materiality convention. In other words, an item or event is material (and thus should be disclosed) if knowledge of the event or item might reasonably influence the users of the financial statements.here are four widely recognized accounting conventions that guide accountants: 1. Be conservative. In other words, play it safe. 2. Disclose in full. 3. Be consistent. In other words, use the same method for calculating and reporting similar events.