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Generally Accepted Accounting Principles. There are different types of GAAP in todays world. For example, there is U.S. GAAP (generally accepted acccounting principles in the United States) and U.K. GAAP (generally accepted accounting principles in the United Kingdom).

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Related Questions

The initials GAAP stand for?

Generally Accepted Accounting Principles


What does the acronym GAAP stand for?

GAAP is an acronym for Generally Accepted Accounting Principles. GAAP is a series of basic rules accepted by those within the accounting community to perform accounting tasks.


Where GAAP is implementing in Pakistan?

gaap


Short note of accounting standards and GAAP?

short note on GAAP


How does GAAP affect financial reporting?

How does GAAP affect financial reporting?


What do you mean by gaap?

GAAP is an acronym for Generally Accepted Accounting Principles


What is Pakistani GAAP?

ugly people need gaap to look nicer


When was GAAP established?

In 1992, the Auditing Standards Board established the GAAP hierarchy.


Full form of GAAP?

In Accounting/Finance arena GAAP stands for Generally Accepted Accounting Principals. Eevery company has to balance their books by GAAP standards and regulations.


What is the purpose of GAAP?

Generally Accepted Accounting Principles, or GAAP, are the standards used by accountants. GAAP ensures that all companies report financial information in a consistent manner.


Who can issue disclosure requirements for companies under its jurisdiction that may exceed gaap?

Sec, gaap,


What is the XBRL term for sales and for gross profit?

It depends which GAAP you are referring to. The answer would be different for US GAAP, Canadian GAAP or IFRS. If you mean US GAAP, you can look it up at http://xbrl.us/Pages/US-GAAP.aspx - the answer(s) would probably be SalesRevenueNet and GrossProfit, respectively.