Authoritative guidelines that define accounting practice at a particular time.

Standard accounting procedures promulgated by the Financial Accounting Standards Board (FASB) and its predecessor.

Uniform minimum standards of and guidelines to financial accounting and reporting. Currently, the Financial Accounting Standards Board (FASB), the Governmental Accounting Standards Board (GASB) and the Federal Accounting Standards Advisory are authorized to establish these principles. The UC system complies with GASB.

The conventions, rules, and procedures that defined accepted accounting practice at a particular time.

Known as GAAP, are the rules that govern how accountants measure, process, and present financial statements.

A set of financial accounting standards that all publicly traded companies in the United States and all companies in Canada follow when preparing their financial statements. Contrast with statutory accounting practices.

Conventions, rules, and procedures that define accepted accounting practice, including broad guidelines as well as detailed procedures. The basic doctrine was set forth by the Accounting Principles Board of the American Institute of Certified Public Accountants, which was superseded in 1973 by the Financial Accounting Standards Board (FASB), an independent self-regulatory organization.

Rules and procedures generally accepted within the accounting profession.

The common set of accounting principles, standards and procedures. GAAP is a combination of authoritative standards set by standard-setting bodies as well as accepted ways of doing accounting.

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 Top

The common set of standards and procedures, promulgated by the Financial Accounting Standards Boards, by which audited financial statements are prepared.

General set of accounting standards by which all publicly-traded companies are expected to abide. Financial statements and financial information are required by securities law to be presented in a specific, generally accepted, manner.

A set of uniform accounting rules for recording and reporting financial data to accurately represent an organization's financial condition. These standards are endorsed by the Financial Accounting Standards Board and their use is required by the SEC.

A set of accounting rules established and recognised by international accounting authorities.

Criteria used by auditors to determine if financial statements are fairly presented.

(GAAP) Rules set forth by the Financial Accounting Standards Board (FASB) that outlines conventions and procedures for accounting practices in the United States.

Accounting principles established by the American Institute of CPAs and published in the Financial Accounting Standards Board and the Audit Guide for Stock Life Insurance Companies. Also see statutory accounting principles.

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

Rules adopted by the Financial Accounting Standards Board that establish standards for preparing financial statements of an enterprise.  See:  GOVERNMENTAL ACCOUNTING STANDARDS BOARD.

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 necessary to define accepted accounting practice at a particular time. They include not only broad guidelines of general application, but also detailed practices and procedures. The primary authoritative body on the application of GAAP to state and local governments is the Governmental Accounting Standards Board.

Standard rules and methods used by accountants in preparing financial reports.

Generally Accepted Accounting Principles refers to a set of widely accepted accounting standards, set by the FASB, and used to standardize financial accounting of public companies.

basis of accounting, normally, recognizes revenues when they are earned and expenditures when they are incurred, regardless of when cash is paid.

A technical term in accounting that encompasses the conventions, rules and procedures necessary to define accepted accounting practice at a particular time. The standard of "generally accepted accounting principles" includes not only broad guidelines of general application, but also detailed rules and procedures.

Accounting standards established by the Financial Accounting Standards Board to assure that external Financial statements are fair representations of the economic circumstances of the company. FASB 13, “Accounting for the Leases,” details the practices for accounting for leases by both lessors and lessees.

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

A technical accounting method that encompasses the conventions, rules, and procedures established in the United States for the recording of a company's financial matters. All public U. S. companies are required to follow GAAP.

Generally accepted guidelines for the preparation of financial statements.

Accepted conventions, rules, and procedures that define accounting practice.

Accounting practices that are in widespread use because of convention and tradition, and those that are specifically mandated by recognized rule-making authorities.

( Principios de contabilidad generalmente aceptados en español) the recognized consensus or substantial authoritative support in the territory of a party with respect to the recordings of revenues, expenses, costs, assets and liability, disclosure of information and preparation of financial statements.

The rules and procedures of accepted accounting practice as defined by the Financial Accounting Standards Board.

A set of rules and financial reporting guidelines companies must follow to prepare and present the financial information on the statements. See also Financial Accounting Standards Board (FASB).

("GAAP") Principle s established by a Financial Accounting Standards Board that provide a foundation for "acceptable" accounting practice s. The GAAP represent a set of guideline s and, as a practical matter, necessitate subjectivity in their application. [D03304] RMW

The set of accounting principles used by most firms outside the life insurance industry and sometimes used by life and health insurance companies. GAAP is based on the going-concern concept of asset valuation.

The various methods, rules, practices, and other procedures that have evolved over time in response to the need to regulate the preparation of financial statements.

Uniform minimum standards of and guidelines to financial accounting and reporting. They govern the form and content of the basic financial statements of an entity. GAAP encompasses the conventions, rules and procedures necessary to define accepted accounting practice at a particular time. They include not only broad guidelines of general application, but also detailed practices and procedures. GAAP provides a standard by which to measure financial presentations.

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 and procedures.

( GAAP) acceptable accounting principles used by U.S. companies determined by the Financial Accounting Standards Board.

A set of rules and procedures set forth by the Financial Accounting Standards Board that outline accepted accounting practices broadly and in detail.

In the UK the concept of “generally-accepted accounting principles” is taken to mean accounting standards and the requirements of company legislation and the stock exchange.

(GAAP)--Specific rules, standards, and procedures developed by professional accounting organizations to establish appropriate accounting and reporting practices.

those accounting principles which have been given formal recognition or authoritative support in any particular jurisdiction.

A set of guidelines and rules for financial reporting. A company must follow these to prepare and present financial statements.

The conventions, rules, and procedures that serve as the norm for the fair presentation of financial statements. The various sources of GAAP for state and local governments are set forth by SAS No. 69, The Meaning of “Present Fairly in Conformity with Generally Accepted Accounting Principles” in the Independent Auditor's Report.

Standards, conventions, and rules issued by FASB and followed by accountants to record and summarize transactions and prepare reports.

Rules for recording transactions and standards for financial reporting developed by the Financial Accounting Standards Board (FASB).

Guidelines that explain what should be done in specific accounting situations as determined by the Financial Accounting Standards Board. U.S. companies that adhere to GAAP are said to be more transparent and easier to analyze financially than companies in many foreign countries. In fact, the differences in accounting standards make it difficult to compare the earnings of companies in different countries.

A set of accounting rules for the standard reporting of financial information, which have been developed by the Financial Accounting Standards Board (FASB).

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).

Detailed rules and procedures as defined by accepted accounting practices. Although the principles were established by the Accounting Principles Board, the board has since been superseded by the Financial Accounting Standards Board (FASB), a self-regulatory organization.

These principles have substantial authoritative support for use in the insurance business. They are intended to produce financial results consistent with those of other industries and to assure consistency in financial reporting. Contrast with Statutory Accounting Principles.

Conventions, rules, and procedures that define accepted accounting practices, including broad guidelines as well as detailed procedures. Financial Accounting Standards Board, independent self-regulatory organization, is responsible for promulgating these principles.

Set of rules considered standard and acceptable by Certified Public Accountants.

A set of accounting principals and standards that are recognised by accounting authorities across the world.

Accounting practices that conform to conventions, rules, and procedures that have general acceptability by the accounting profession.

The standards of accounting, usually as expressed by an official accounting body, such as the International Accounting Standards Committee

Generally accepted accounting principles (GAAP) accounting is used in financial statements that publicly-held companies prepare for the Securities and Exchange Commission. (See Statutory accounting principles / SAP )

The Generally Accepted Accounting Principles in the UK, or UK GAAP, are the overall body of regulation establishing how company accounts must be prepared in the United Kingdom. This includes not only accounting standards, but also UK company law.

Generally accepted accounting principles or US GAAP are the accounting rules used to prepare financial statements for publicly traded companies and many private companies in the United States. Generally accepted accounting principles for local and state governments operates under a different set of assumptions, principles, and constraints, as determined by the Governmental Accounting Standards Board (GASB).

Generally Accepted Accounting Principles (GAAP) of Canada provides the framework of broad guidelines, conventions, rules and procedures of accounting.