answersLogoWhite

0

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 and other individuals, and the GAAP help ensure that data is unbiased and consistent.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

The importance of GAAP in Health Care Organizations?

generally accepted accounting principles


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.


What does GAAP stand for?

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).


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

Sec, gaap,


What is the GAAP standard fIt is a GAAP standard that copy(ies) of a check be attached to all documents for filing.or attaching copy of checks to documents?

The GAAP standard that pertains to attaching copies of checks to documents typically falls under the general principles of documentation and record-keeping, which emphasizes the importance of maintaining accurate financial records. While GAAP does not explicitly mandate attaching check copies, it requires that all transactions be supported by adequate documentation to ensure transparency and accountability. This practice helps in verifying the authenticity of transactions and facilitates audits and financial reviews.