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Definition of gaap in English English dictionary
- Generally Accepted Accounting Principles
- basic ideas of accounting that are agreed upon as conventional (by the body that oversees the accounting profession)
- (Ticaret) (generally accepted accounting principles) The set of rules and standards created by the Financial Accounting Standards Board (FASB) for acceptable financial reporting
- (Generally Accepted Accounting Principles)
- (Generally Accepted Accounting Principles) - A set of accounting standards agreed upon by the professional accounting industry These standards are designed to ensure that financial statements are reasonably accurate representations of a company's financial condition and performance There is, however, a great deal of leeway in the application of GAAP, and adherence to GAAP does not guarantee a company's financial statements won't fail to show financial problems Lack of adherence to GAAP, however, is a virtual giveaway that a company's financial statements can't be relied upon
- GAAP means Generally Accepted Accounting Principles These are the principles that practitioners use to produce financial statements They can become accepted via due process or via long term practice or both It is the GAAP that help make financial statements compatible from year to year and jurisdiction to jurisdictions
- Generally Accepting Accounting Procedures
- Authoritative guidelines that define accounting practice at a particular time
- A set of accounting and financial reporting standards administered by the Financial Accounting Standards Board (FASB)
- Generally Accepted Accounting Principles consistently applied
- = See Generally Accepted Accounting Principles
- "Mind the..." No, nothing to do with the tube at Embankment station, this is an acronym for Generally Accepted Accounting Principles, employed in the accounts you'll see in company reports
- Detailed rules and procedures as defined by accepted accounting practices Although the principles were established by the Accounting Principles Board, the board has since been superseded by the Financial Accounting Standards Board (FASB), a self-regulatory organization
- Generally Accepted Accounting Principles The common set of accounting principles, standards and procedures GAAP is a combination of authoritative standards set by standard-setting bodies as well as accepted ways of doing accounting
- See: Generally Accepted Accounting Principles
- ~ Generally accepted accounting principles
- Generally Accepted Accounting Principles Source: US EPA
- Generally Accepted Accounting Principles A standard established by the Accounting Practices Board of the American Institute of Certified Public Accountants These rules, conventions, and procedures define accepted accounting practices
- a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures
- Generally Accepted Accounting Principles are those accounting principles which have been given formal recognition or authoritative support in any particular jurisdiction
- (Landsat) Geological Analysis Aid Package (CCRS)
- Generally Accepting Accounting Principles A priority listing made up of statements of accounting principles issued by the AICPA (American Institute of Certified Public Accountants) and FASB (Financial Accounting Standards Board)
- Accounting principles used by the majority of companies in the United States
- Conventions, rules and procedures that define general accounting practice, including broad guidelines as well as detailed procedures