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GAAP

Definition
Generally Accepted Accounting Principles. A widely accepted set of rules, conventions, standards, and procedures for reporting financial information, as established by the Financial Accounting Standards Board.




GAAP is ...
... part of the Accounting subject.
... an essential investing term.


Related Terms

audited financial statements -  More
comfort letter -  More
write up -  More
FASB, foreign currency translation, audit committee

GAAP appears in the definitions of these other terms on BusinessDictionary.com
regulatory capital, summary of significant accounting policies (SSAP), accounting valuation, accrual principle, International Accounting Standards (IAS), and  
 
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