Question

what is the meaning of GAAP?​

Answer 1

Explanation:

GAAP (generally accepted accounting principles) is a collection of commonly-followed accounting rules and standards for financial reporting. The acronym is pronounced "gap." ... IFRS is designed to provide a global framework for how public companies prepare and disclose their financial statements.

Answer 2

Answer:

GAAP (generally accepted accounting principles) is a collection of commonly-followed accounting rules and standards for financial reporting. The acronym is pronounced "gap."