ilearningcampus/description.php?id=NjAz Accounting Concepts, - TopicsExpress

ilearningcampus/description.php?id=NjAz Accounting Concepts, Principles and Conventions GAAP (pronounced gap) stands for Generally Accepted Accounting Principles, a collection of commonly followed accounting rules and standards for financial reporting.GAAP specifications include definitions of concepts and principles, as well as industry-specific rules. The purpose of GAAP is to ensure that financial reporting is transparent and consistent from one organization to another.

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