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GAAP in Accounting Meaning

The GAAP meaning in Accounting terms is "Generally Accepted Accounting Principles". There are 6 related meanings of the GAAP Accounting abbreviation.

GAAP on Accounting Full Forms

  1. Generally Accepted Accounting Principles The accounting principles set by the Financial Accounting Standards Board and required for use by United States companies. Contrasts with International Financial Reporting Standards used in Europe and other countries.
  2. Generally Accepted Account Principles
  3. Generally Acceptable Accountinguprinciples
  4. Generally Accepted Accounted Principles
  5. Generally Accepted Accounting Principals
  6. General Accepting Accounting Principles

Frequently Asked Questions (FAQ)

  1. What does GAAP stand for Accounting?

    GAAP stands for Generally Acceptable Accountinguprinciples in Accounting terms.

  2. What is the shortened form of Generally Accepted Account Principles in Accounting?

    The short form of "Generally Accepted Account Principles" is GAAP for Accounting.

Citation

GAAP in Accounting. Acronym24.com. (2021, October 25). Retrieved January 3, 2025 from https://acronym24.com/gaap-meaning-in-accounting/

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