GAAP betydelse and definition

Betydelse av GAAP på svenska

• 0 abbreviation for Generally Accepted Accounting Principles: the rules that companies must follow when they give financial information:

  • Under US GAAP accounting rules, the company's earnings fell to a $1.1 billion loss.

• 1 abbreviation for Generally Accepted Accounting Principles: in the US, the rules that companies must follow when preparing financial accounts and reports:

  • Under GAAP, revenue from a software sale should not be recognized until a copy of the software has been delivered to the customer.

  • mandated/required by GAAP

  • in accordance/conformity with GAAP