Generally Accepted Accounting Principles
Context: Finance
A term for recognized accounting principles and standards; in the United States it commonly refers to U.S. GAAP.
What Does GAAP Stand For?
GAAP
Most common meaning
Generally Accepted Accounting Principles
A term for recognized accounting principles and standards; in the United States it commonly refers to U.S. GAAP.
AT A GLANCE
GAAP quick facts
- Full form
- Generally Accepted Accounting Principles
- Field / context
- Finance
- Other meanings
- 0 additional meanings
- Written as
- GAAP
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GAAP meanings by context
How GAAP is used in a sentence
These examples show the abbreviation in context. They are explanatory examples, not medical, legal or professional instructions.
FinanceGenerally Accepted Accounting Principles
βThe financial statements were prepared under the applicable GAAP framework.β
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