G
Auditing Terms - GGantt Chart - chart used for project planning and scheduling
general account (GA) -
General Accounting Office (GAO) - (legislative branch agency established in 1921 to assist with congressional oversight of government agencies as well as providing an independent audit function - renamed/replaced by the Government Accountability Office in 2004)
general and administrative cost (G&A cost) -
General Agreement on Tariffs and Trade (GATT) - (agreement officially launched in October 1947, which aimed at eliminating trade barriers between nations - agreement served as the name for the international treaty organization headquartered in Geneva, Switzerland - in 1995, the Uraguay Round of GATT, replaced GATT with the World Trade Organization (WTO) to administer trade agreements.)
general depreciation system (GDS) - (most commonly used system for calculating depreciation)
general journal (GJ) -
general journal entry (GJE) -
general ledger (GL) - (formal ledger containing all the financial statement accounts of a business)
general manager (GM) -
general price level adjustment (GPLA) - (adjustment/translation of costs/financial statements to reflect changes in purchasing power caused by inflation)
general purchasing power (GPP) - (relative measure of the impact of inflation on costs - increase/decrease in the quantity of goods purchased at a particular price)
general purpose financial statements (GPFS) -
General Services Administration (GSA) -
Generalized Audit Software (GAS) - (multipurpose audit software that can be used for general purposes - record selection, calculation, and reporting)
Generalized Audit Software Package (GASP) -
Generally Accepted Accounting Principles (GAAP) - (conventions, rules, and procedures that define accepted accounting practice)
Generally Accepted Auditing Standards (GAAS) - (rules and guidance for the conduct of external audits)
Generally Accepted Government Auditing Standards (GAGAS) - (rules and guidance for the conduct of audits of governmental organizations/units)
Generally Accepted Privacy Principles (GAPP) - (set of principles considered essential to privacy - developed by the American Institute of Certified Public Accountants (AICPA) and the Canadian Institute of Chartered Accountants (CICA) - consists of one overall privacy objective supported by 10 principles)
geographic information system (GIS) -
Global Auditing Information Network (GAIN) - (information service/source for internal auditors)
Global Depositary Receipt (GDR) - (receipt for shares in a foreign-based corporation traded in capital markets around the world)
Governance of Enterprise Information Technology (GEIT) - (framework for managing information systems as part of an overall organizational management strategy)
Government Accountability Office (GAO) - (Independent agency that monitors and investigates federal agencies and government operations - formerly the General Accounting Office until its name was changed in 2004)
Government Auditing Standards (GAS) - (standards/guidelines for government audits)
Government Finance Officers Association (GFOA) -
Government Securities Clearing Corporation (GSCC) - (organization providing clearing and settlement of US government securities)
Governmental Accounting Standards Board (GASB) - (organization that formulates accounting standards for governmental units)
grand livre (GL) - (French term for general ledger) (formal ledger containing all the financial statement accounts of a business)
Gramm-Leach-Bliley Act (GLBA) - (Financial Services Modernization Act of 1999)
gross asset (GA) -
Gross Domestic Product (GDP) - (market value of goods and services produced in a country)
gross earnings (GE) - (taxable income before any deductions and adjustments)
gross national income (GNI) - (income of all sectors of an economy)
gross national product (GNP) - (market value of all goods and services produced)
gross national product implicit price deflator (GNPIDP) -
gross profit (GP) - (net sales minus cost of goods sold and manufactured)
gross profit margin (GPM) - (gross profit from sales)
gross receipts (GR) - (total receipts from sales, lease, or rentals)
gross revenue (GR) - (total receipts before deduction of expenses)