Glossary: Generally Accepted Accounting Principals

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Generally Accepted Accounting Principals



Generally Accepted Accounting Principals (GAAP) - The uniform accounting rules established by FASB for recording and reporting financial information.


Disclaimer: The foregoing is intended to provide general information and may not be suitable in specific instances. The glossary information is not intended to be exhaustive, but rather to illustrate typical considerations. The material is provided with the understanding that it is not legal, accounting, tax or any other professional advice.
 


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