Generally Accepted Accounting Principles Definition

Generally Accepted Accounting Principles

Definition

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

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Generally Accepted Accounting Principles is ...
... part of the Accounting and Investor Relations subjects.

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Generally Accepted Accounting Principles appears in the definitions of these other terms on BusinessDictionary.com

International Accounting Standards (IAS), International Accounting Standards Board (IASB), International Financial Reporting Standards (IFRS)