Chapter 28: Glossary of Terms

In this section

• Core Terminology
  Explore essential financial and accounting definitions for the BAR CPA Exam, covering cost drivers, fair value measurement, and more.
• Industry and Regulatory Acronyms
  Discover the essential industry and regulatory acronyms encountered in Business Analysis and Reporting, from standard-setters to auditing bodies.
• Digital and Tech-Driven Terminology
  Explore essential digital and technology-driven terms—including AI, IoT, RPA, blockchain, and more—that underpin modern accounting and analysis for the BAR portion of the CPA Exam.
• GASB vs. FASB Notable Contrasts
  Discover key differences between GASB and FASB frameworks, including conceptual approaches, measurement focuses, and typical items such as pensions, derivatives, and intangible assets. Learn how each board shapes financial reporting for governmental vs. private sector entities with practical examples and statement references.