Generallyaccepted accounting principles definition

Generallyaccepted accounting principles or "GAAP" means those accounting principles as established bythe American Institute of Certified Public Accountants.
View Source
Generallyaccepted accounting principles or "GAAP" means those accounting principles as established by the designated authority that governs the preparation of financial statements based on whether an entity is government or nongovernment owned, or whether it is governed by the requirements of the state board of accounts.
View Source
Generallyaccepted accounting principles or "GAAP" means those accounting principles as established bythe Financial Accounting Standards Board.
View Source

Examples of Generallyaccepted accounting principles in a sentence

  • Generallyaccepted accounting principles shall be used for valuation purposes.

Related to Generallyaccepted accounting principles

  • Generally Accepted Accounting Principles or “GAAP” means generally accepted accounting principles in the United States, consistently applied, which are in effect on the date of this Indenture.

  • Agreed Accounting Principles means the accounting principles, procedures and methodologies set forth on Schedule 1.01(a).

  • Agreement Accounting Principles means generally accepted accounting principles as in effect from time to time, applied in a manner consistent with that used in preparing the financial statements referred to in Section 5.4.

  • Applicable Accounting Principles means, with respect to the Borrower, those accounting principles required by the ICA and prescribed by the SEC for the Borrower and, to the extent not so required or prescribed, GAAP.

  • Accounting Principles means the international financial reporting standards (IFRS) within the meaning of Regulation 1606/2002/EC (or as otherwise adopted or amended from time to time).