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GAAP in Business & Finance Meaning

The GAAP meaning in Business & Finance terms is "Generally Accepted Accounting Principles". There are 3 related meanings of the GAAP Business & Finance abbreviation.

GAAP on Business & Finance 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 Accounting Procedures
  3. Generally Accepted Accounting Practices

Frequently Asked Questions (FAQ)

  1. What does GAAP stand for Business & Finance?

    GAAP stands for Generally Accepted Accounting Practices in Business & Finance terms.

  2. What is the shortened form of Generally Accepted Accounting Principles in Business & Finance?

    The short form of "Generally Accepted Accounting Principles" is GAAP for Business & Finance.

Citation

GAAP in Business & Finance. Acronym24.com. (2021, October 25). Retrieved January 3, 2025 from https://acronym24.com/gaap-meaning-in-business-finance/

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