Saturday, February 2, 2008

What is GAAP Definition?

Generally Accepted Accounting Principles (GAAP) - It is a set of rules and procedures that are considered accepted accounting practice by practicing accountants. These principles are created and determined by the Financial Accounting Standards Board (FASB)

More Information and Link about GAAP:

Sources of GAAP Accounting Principles

Financial Accounting Principles Board

Accounting Principles Board APB

No comments:

Popular Accounting Problems

The information on this site is for informational purposes only and should not be used as a substitute for the professional advice of an accountant, tax advisor, attorney, or other professional.