Topic: GAAP
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What is GAAP?
GAAP stands for Generally Accepted Accounting Principles. These are the rules and guidelines that accountants follow when preparing financial documents. These are not rules set by the federal government however. Read More »
Source: http://answers.ask.com/Business/Other/what_is_gaap
Why is GAAP Important?
GAAP is an acronym for Generally Accepted Accounting Principles, which is the standard guideline and rules that need to be followed in a particular jurisdiction. Many people rely on objective reporting of financial information by companies ... Read More »
Source: http://answers.ask.com/Business/Finance/why_is_gaap_important
What does GAAP Stand for?
GAAP stands for Generally Accepted Accounting Principles, used in financial accounting. It's the standards, conventions and rules, accountants follow. Read More »
Source: http://answers.ask.com/Reference/Dictionaries/what_does_gaap_stan...
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GAAP
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GAAP stands for "Generally Accepted Accounting Principles." GAAP represents a standard method of bookkeeping that defines how companies should maintain their financial records for the purposes of public accounting.
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Source: http://answers.ask.com/Business/Finance/what_is_gaap_accounting
Gaap stands for generally accepted accounting principals. The purpose of Gaap is to provide a set of accounting practices to insure compliance across all regulated companies.
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Source: http://answers.ask.com/Business/Finance/what_is_the_purpose_of_ga...
Generally Accepted Accounting Principles (GAAP) is a set of standards, rules and guidelines for financial accounting, also known as accounting standards. Accountants use GAAP when both recording and reporting. The hierarchy of GAAP oversees...
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Source: http://www.ehow.com/info_10061992_gaap-fund.html
Though some of the rules of accounting may seem like common sense, it's a good idea to have them formalized and written down anyway. Others are very technical and not at all intuitive to the layman accountant. In the United States, the Gene...
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Source: http://www.ehow.com/about_4675009_what-function-gaap.html
GAAP stands for generally accepted accounting principles. It's a system of rules and guidelines about the way financial statements should be prepared. In the United States, GAAP is not laid down in statutes. Instead it is made up of the reg...
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Source: http://www.ehow.com/info_8783386_gaap-rules-determined.html
In many situations there are rules, but the creators of the rules are sometimes unknown. It's almost as if an invisible hand is guiding a process and overseeing its successful implementation. The rules that guide the financial reporting fun...
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Source: http://www.ehow.com/about_4710478_who-currently-develops-gaap.htm...
