gaap Antonyms
No Synonyms and anytonyms found
Meaning of gaap
gaap (n)
a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures
gaap Sentence Examples
- The company's financial statements revealed a significant GAAP gap between its reported earnings and actual cash flow.
- Auditors scrutinized the company's GAAP compliance to ensure the accuracy of its financial reporting.
- The GAAP standards require companies to disclose all material financial information.
- The financial statement's GAAP reconciliation shows the differences between the company's accounting practices and GAAP requirements.
- The GAAP rule book provides guidelines for the preparation and presentation of financial statements.
- The company's GAAP-compliant financials served as a reliable basis for investors' decision-making.
- The GAAP gap in the company's revenue recognition practices raised concerns about the accuracy of its financial performance.
- The GAAP training program equipped accountants with the knowledge and skills necessary for financial statement preparation.
- International companies face challenges in reconciling their financial statements to GAAP standards.
- The GAAP-based financial information enabled analysts to assess the company's financial health and make informed investment decisions.
FAQs About the word gaap
a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures
No synonyms found.
No antonyms found.
The company's financial statements revealed a significant GAAP gap between its reported earnings and actual cash flow.
Auditors scrutinized the company's GAAP compliance to ensure the accuracy of its financial reporting.
The GAAP standards require companies to disclose all material financial information.
The financial statement's GAAP reconciliation shows the differences between the company's accounting practices and GAAP requirements.
