GAAP: Difference between revisions
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imported>Doug Williamson (Remove surplus text.) |
imported>Doug Williamson (Add definition. Source: Linked pages) |
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''Financial reporting - accounting principles.'' | 1. ''Financial reporting - accounting principles.'' | ||
Generally Accepted Accounting Principles. | Generally Accepted Accounting Principles. | ||
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Sometimes, Generally Accepted Accounting ''Practice''. | Sometimes, Generally Accepted Accounting ''Practice''. | ||
2. ''Financial reporting - accounting principles - United States.'' | |||
United States Generally Accepted Accounting Principles (US GAAP). | |||
Especially when contrasted with International Financial Reporting Standards (IFRS). | |||
Latest revision as of 17:51, 12 February 2023
1. Financial reporting - accounting principles.
Generally Accepted Accounting Principles.
Pronounced 'gap'.
Sometimes, Generally Accepted Accounting Practice.
2. Financial reporting - accounting principles - United States.
United States Generally Accepted Accounting Principles (US GAAP).
Especially when contrasted with International Financial Reporting Standards (IFRS).
