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What does GAAP stand for?

GAAP stands for Generally Accepted Accounting Principles

This definition appears very frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of GAAP

Other Resources:
We have 28 other meanings of GAAP in our Acronym Attic

Samples in periodicals archive:

These lawsuits allege violations of federal law arising out of an alleged failure to properly recognize revenues in accordance with generally accepted accounting principles during the period from July 24, 1992, to March 25, 1994.
A significant number of state and local governments maintain their internal accounting records and prepare their annual financial statements using a basis of accounting other than generally accepted accounting principles (GAAP).