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GAAP stands for Generally Accepted Accounting Principles. Non-GAAP means that the financial statements or financial measures have been prepared on a basis other than those generally accepted.
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What does non-GAAP mean?
GAAP stands for Generally Accepted Accounting Principles. Non-GAAP means that the financial statements or financial measures have been prepared on a basis other than those generally accepted.
What do you mean by gaap?
GAAP is an acronym for Generally Accepted Accounting Principles
What does the Afrikaans slang word 'gaap' mean?
Gaap is "yawn" or "the act of yawning" in English. It depends on the structure of the sentence.
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.
Does a nonprofit have to follow GAAP?
Yes. IN the US non profits are expected to follow GAAP accounting rules. In Europe and expanding to most other parts of the developed world, companies are using IFRS.
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 is Pakistani GAAP?
ugly people need gaap to look nicer
When was GAAP established?
In 1992, the Auditing Standards Board established the GAAP hierarchy.
Who must follow GAAP?
Generally Accepted Accounting Principles (GAAP) must be followed by publicly traded companies in the United States, as they are required by the Securities and Exchange Commission (SEC) to ensure consistency and transparency in financial reporting. Additionally, other organizations, such as non-profits and private companies, may choose to follow GAAP to enhance credibility with stakeholders. While not mandated for all entities, adhering to GAAP can facilitate better decision-making and comparability across financial statements.
Who must use GAAP and why?
Who? US publicly traded companies. Non-publicly traded companies may be required to produce a set of financial statements in accordance with GAAP if applying for a loan. Why? GAAP accounting is nothing more than a common set of principals, terminology, etc. It allows for better communication between organizations, stockholders, individuals, etc. For example, with GAAP the term Revenue means the same thing, no misunderstandings. If you did not have a common set of principals you would not be able to compare on company to another.
