GAAP

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).

See also

• Accounting policies
• Financial reporting
• Financial Reporting Standard (FRS)
• Frozen GAAP
• Generally accepted accounting principles
• International GAAP
• International Accounting Standards (IAS)
• International Financial Reporting Standards (IFRS)
• Non-GAAP measures
• UK GAAP
• US GAAP