gaap means: See the Generally Accepted Accounting Principles. (in Stock Market Dictionary)

What else does gaap mean?

  • The Generally Accepted Accounting Principles. Accounting principles that govern the presentation and reporting of financial statements. GAAP rules are not the work of private companies, but courts and legislators often demand that GAAP be followed, particularly when it comes to matters related to stock publicly traded. Financial Accounting Standard Boards FASB is responsible for the development of the most important set GAAP guidelines in America. (in Legal Dictionary)