Question

Which of the following IS NOT included in GAAP rules?
Revenue recognition
Balance sheet item classification
New accounting tendencies consideration
Outstanding share measurement

Answer 1

The item that is NOT included in GAAP (Generally Accepted Accounting Principles) rules is **New accounting tendencies consideration**. GAAP focuses on established principles for financial reporting, such as revenue recognition, balance sheet item classification, and outstanding share measurement, but it does not specifically address the consideration of new accounting tendencies.