Generally accepted accounting principles, or GAAP, essentially impact every item on a qualifying financial statement. Most companies and organizations follow GAAP when creating financial statements.

What Are Generally Accepted Accounting Principles (GAAP)? Your email has been sent Understanding GAAP is essential for anyone involved in finance or accounting. Learn the key principles and their ...

GAAP, which stands for generally accepted accounting principles, is the set of accounting standards followed by most U.S. businesses, not-for-profit organizations, and state and local governments, as ...

ByJohn S. McClenahen The net effect of new corporate financial reporting principles being advocated by Samuel A. DiPiazza Jr., CEO of PricewaterhouseCoopers, would be a write-off of rules-based U.S.

GAAP accounting stands for generally accepted accounting principles. These principles are a set of standardized rules that accountants use. Companies that sell public stock and release financial ...

Thomson Reuters released a content update to the Checkpoint Catalyst tool to help professionals comply with the financial reporting requirements set by the Financial Accounting Standards Board. As ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Chip Stapleton is a Series 7 and Series 66 ...