Generally Accepted Accounting Principles

About Generally Accepted Accounting Principles: Generally Accepted Accounting Principles (GAAP) are conventions, rules, and procedures that define accepted accounting practice, including broad guidelines as well as detailed procedures. Tax law frequently requires different treatment for an accounting matter than GAAP.

Contents

Accounting for Banks

This section explores some details of Accounting for Banks in relation to accounting regulation in the United States. See more in the main entry.

Accounting for Government Contracts

This section explores some details of Accounting for Government Contracts in relation to accounting regulation in the United States. See more in the main entry.

Cost Accounting Standards

This section explores some details of Cost Accounting Standards in relation to accounting regulation in the United States. See more in the main entry.

Federal Acquisition Regulation

This section explores some details of Federal Acquisition Regulation in relation to accounting regulation in the United States. See more in the main entry.

Accounting for Public Utilities

This section explores some details of Accounting for Public Utilities in relation to accounting regulation in the United States. See more in the main entry.

Applying GAAP & GAAS

This section explores some details of Applying GAAP & GAAS in relation to accounting regulation in the United States. See more in the main entry.

Applying Government Accounting Principles

This section explores some details of Applying Government Accounting Principles in relation to accounting regulation in the United States. See more in the main entry.

Auditing & Financial Reporting

This section explores some details of Auditing & Financial Reporting in relation to accounting regulation in the United States. See more in the main entry.

Bank Holding Company Compliance

This section explores some details of Bank Holding Company Compliance in relation to accounting regulation in the United States. See more in the main entry.

Sarbanes-Oxley Compliance

This section explores some details of Sarbanes-Oxley Compliance in relation to accounting regulation in the United States. See more in the main entry.

Internal Auditors

This section explores some details of Internal Auditors in relation to accounting regulation in the United States. See more in the main entry.

Description and Definition of Generally Accepted Accounting Principles (GAAP)

Rules and procedures established and used by accountants. The rules guide them in accounting and reporting on a company's finances.

Resources

See Also

Further Reading

• Generally Accepted Accounting Principles (GAAP) in the West's Tax Law Dictionary
• Generally Accepted Accounting Principles (GAAP) in “A Dictionary of Taxation”