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Glossary
GAAP Definition
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GAAP (Generally Accepted Accounting Principles) is the recognized common set of:
accounting principles,
standards, and
procedures.
See more terms:
Accelerated Depreciation
Account
Account Payable
Account Receivable
Accountant's Report
Accounting Change
Accounting Principles Board (APB)
Accrual Basis
Accumulated Depreciation
Additional Paid in Capital
Adverse Opinion
Affiliated Company
Analyst
Analytical Procedures
Annual Report
Annuity
Audit
Audit Engagement
Auditor's Report
Balance
Balance Sheet
Bankruptcy
Bond
Capital
Capital Gain
Capital Stock
Capitalized Cost
Capitalized Interest
Cash Flows
Casualty Loss
Certified Financial Planner (CFP)
Certified Fraud Examiner (CFE)
Certified Internal Auditor (CIA)
Certified Management Accountant (CMA)
Combined Financial Statement
Common Stock
Comparative Financial Statement
Compensatory Balance
Compilation
Conservatism
Consistency
Consolidated Financial Statements
Consolidation
Contra Account
Control Risk
Controller
Corporation
Cost Accounting
Credit Agreement
Credit Balance
Creditor
Current Asset
Current Liability
Current Value
Debit
Debit Balance
Default
Deficit
Depletion
Depreciation
Derivatives
Directors
Disbursement
Disclosure
Discount
Distributions
Double-Entry Bookkeeping
Due Diligence
Earned Income
Equity
Escrow
Estate Tax
Ethics
Exclusions
Exemption
Expenditure
External Reporting
Fair Market Value
Fiduciary
Financial Accounting Standards Board (FASB)
Financial Statements
Fiscal Year
Fixed Asset
Forecast
Foreclosure
Forensic Accounting
Franchise
Fund Accounting
GAAP
General Ledger
Goodwill
Guaranty
Income
Income Statement
Income Tax Basis
Insolvent
Installment
Interest
Internal Control
Internal Revenue Service (IRS)
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