GAAP are the standards, conventions, and rules that accountants follow in recording and summarizing transactions and in preparing financial statements. GAAP, measured at fair value, is the foundational standard for accounting within the Reporting Standards. See www.fasb.org
Global Definitions Database
Generally Accepted Accounting Principles (GAAP)
Source: Global | Date: 02 March 2021 | ID: D0765 | Version: 4