Generally accepted accounting principles (GAAP) definition

Generally accepted accounting principles (GAAP) means official pronouncements of the FASB as memorialized in the FASB Accounting Standards Codification® as the source of authoritative principles and standards recognized to be applied in the preparation of financial statements by federally-insured credit unions in the United States with assets of $10 million or more.

Generally accepted accounting principles (GAAP) means the recognised consensus or substantial authoritative support in the territory of a Party, with respect to the recording of revenues, expenses, costs, assets, and liabilities, the disclosure of information and the preparation of financial statements. These standards may encompass broad guidelines of general application as well as detailed standards, practices and procedures;

Generally accepted accounting principles (GAAP) means a framework of accounting standards, rules and procedures which are in effect in Canada, including those published in Standards and Guidance Collection of the Chartered Professional Accountant of Canada, or any successor;

Examples of Generally accepted accounting principles (GAAP) in a sentence

• Be determined in accordance with generally accepted accounting principles (GAAP), except, for State and local governments and Indian tribes only, as otherwise provided for in 2 CFR Part 200.

• Proposer(s) affirmatively acknowledges and agrees that pursuant to any ensuing contract, Selected Proposer shall maintain adequate books of account with respect to its services, in accordance with generally accepted accounting principles (GAAP) in a form and method acceptable to the Parish.

• The financial statements of the School have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental nonprofit organizations.

• The preparation of financial statements in conformity with generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.

• At any time, the Parish may request that the Selected Proposer(s) with the minimum of thirty (30) days written notice, prepare and/or produce a report of the results of operations, as it pertains to any ensuing contract, in the previous fiscal year prepared in accordance with generally accepted accounting principles (GAAP).

More Definitions of Generally accepted accounting principles (GAAP)

Generally accepted accounting principles (GAAP). ’ means official pronouncements of the FASB as memorialized in the FASB Ac- counting Standards Codification® as the source of authoritative principles and stand- ards recognized to be applied in the prepara- tion of financial statements by federally-in- sured credit unions in the United States with assets of $10 million or more.

Generally accepted accounting principles (GAAP) means accounting principles approved by the American Institute of Certified Public Accountants or the Institute of Management Accountants.

Generally accepted accounting principles (GAAP). ’ means official pronouncements of the FASB as memorialized in the FASB Accounting Standards Codification® as the source of authoritative principles and standards recognized to be applied in the

Generally accepted accounting principles (GAAP) means the conventions, rules, and procedures which describe accepted accounting practices at a particular time and include broad guidelines of general applications and detailed practices and procedures that provide a standard by which to measure financial presentations.

Generally accepted accounting principles (GAAP) means the most current accounting principles or standards generally accepted in the U.S.United States, including, but not limited to, Accounting Principles Board Opinions as published by the American Institute of Certified Public Accountants, and Statements of Financial Accounting Standards the accounting standards codification and interpretations thereof as published by the Financial Accounting Standards Board.

Generally accepted accounting principles (GAAP) means that body of conventions, rules, and procedures necessary to define accepted accounting practice at a particular time, as promulgated by the Financial Accounting Standards Board and other authoritative sources recognized as setting standards for the accounting profession in the United States. Generally accepted accounting principles shall include not only broad guidelines of general application but also detailed practices and procedures that constitute standards against which financial presentations are evaluated.

Generally accepted accounting principles (GAAP) means a widely accepted set of rules, conventions, standards, and procedures for reporting financial information, as established by the Financial Accounting Standards Board (FASB), including, but not limited to, the standards for casino accounting published by the American Institute of Certified Public Accountants (AICPA).