GAAP

From ACT Wiki
Jump to navigationJump to search
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

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