The overall conventions, rules, and procedures that define accepted accounting practice at a particular time in the U.S.

  Defined by the FASB as the conventions, rules, and procedures necessary to define accepted accounting practice at a particular time, includes both broad guidelines and relatively detailed practices [..]

The accounting rules used to prepare financial statements for publicly traded companies and many private companies in the United States.

Accounting method designed to match revenue and expense on a "going concern" basis—that is, assuming an entity continues in business. The principles are developed by the Fina [..]

The common set of accounting principles, standards, and procedures that companies use to compile their financial statements and reports.

The accounting principles set by the Financial Accounting Standards Board and required for use by United States companies. Contrasts with International Financial Reporting Standards used in Europe and [..]

See GAAP

Standards adopted by the Financial Accounting Standards Board (FASB) for preparing financial statements of private enterprises and by the Governmental Accounting Standards Board (GASB) for preparing f [..]

("GAAP") Principles established by a Financial Accounting Standards Board that provide a foundation for "acceptable" accounting practices. The GAAP represent a set of guide [..]

The general guidelines and principles, standards and detailed rules, plus industry practices that exist for financial reporting. Often referred to by its acronymn GAAP. To learn more, see Explanation [..]

GAAP (Generally Accepted Accounting Principles) are accounting standards, conventions and rules. It is what companies use to measure their financial results. These results include net income as well...

Definition GAAP. A widely accepted set of rules, conventions, standards, and procedures for reporting financial information, as established by the Financial Accounting Standards Board.

Accounting practices mandated by recognized rule-making authorities.

A common set of accounting concepts, standards, and procedures by which financial statements are prepared.

(abbreviated GAAP), are the general rules, regulations and guidelines that are followed in the United States by accountants to ensure their practices are legal and ethical. It sets out the standard fo [..]

Conventions, rules, and procedures necessary to define accepted accounting practice at a particular time. The highest level of such principles are set by the FINANCIAL ACCOUNTING STANDARDS BOARD (FASB [..]

an aggregate of the accounting standards, principles and best practices for the preparation of financial statements allowing for consistency in reporting.

The set of standardized rules established for the reporting of a project or company’s financial results for accounting purposes. These rules are established by independent accounting organizatio [..]

Accounting standards established by the Financial Accounting Standard Board to assure that external financial statements are fair representations of the economic circumstances of a company. FASB 13, “ [..]

These are the uniform minimum standards for financial accounting and reporting. They govern the form and content of the financial statements of an entity. GAAP encompass the conventions, rules, and procedures to define accepted accounting practice at a particular time. They include not only broad guidance of general application, but also detailed p [..]

  (GAAP) The body of accounting rules, methods, and procedures that is sanctioned by the accounting profession, either by convention or by the authoritative literature, as a guide to the preparation of financial statements.

Generally Accepted Accounting Principles (GAAP) represents the standard account practice guidelines or the common way financial accounting is reported and recorded for a company (public or private), not-for-profit organization, or state or local government.

The set of norms and standards of nonprofit accounting practices established by the Financial Accounting Standards Board (FASB) to help ensure the accuracy and consistency of financial records and reports. Used for internal and external financial reporting, including audits.

Generally accepted accounting principles or GAAP refer to conventions, rules, and procedures that define approved accounting practices at a particular time. These principles are issued by the Financia [..]

Fundamental principles of accounting that are used as guidance in the preparation of the University financial statements.

Principles of accounting and reporting business results developed by the American Institute of Public Accountants. As regards the insurance business, this convention varies from Statutory Accounting ( [..]

A method of reporting financial results of an insurer in accordance with the going-concern basis used by other businesses. GAAP is promulgated by the AICPA (American Institute of Certified Public Acco [..]

Principles of accounting and reporting business results developed by the American Institute of Public Accountants.

  -  GAAP or Generally Accepted Accounting Principles the the widely accepted set of rules, conventions, standards, and procedures for reporting financial information, as established by the Financial [..]

A common set of accounting concepts, standards, and procedures by which financial statements are prepared.

These are the uniform minimum standards for financial accounting and reporting. They govern the form and content of the financial statements of an entity. GAAP encompass the conventions, rules, and pr [..]

A widely accepted set of rules, conventions, standards, and procedures for reporting financial information, as established by the Financial Accounting Standards Board (FASB) and the Federal Accounting [..]

 The most widely accepted rules of financial accounting. 

Accounting rules and procedures established by the Financial Accounting Standards Board, an independent self-regulating organization. 

Accounting rules and regulations.

The overall conventions, rules, and procedures that define accepted accounting practice at a particular time in the U.S.