GAAP

A significant body of generally accepted accounting principles (frequently referred to as U.S. GAAP) has been created in the United States over many decades to provide authoritative guidance and standardization for financial accounting. Students who seek to become accountants can learn to report financial information that is fairly presented. Students wanting to evaluate specific organizations in order to make decisions about them should learn the data being reported.

Financial Accounting_auto5

Financial Accounting

What is GAAP in Accounting?