What does GAAP mean?

Definitions for GAAP
gaap

This dictionary definitions page includes all the possible meanings, example usage and translations of the word GAAP.

Princeton's WordNet

  1. generally accepted accounting principles, GAAPnoun

    a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures

ChatGPT

  1. gaap

    Generally Accepted Accounting Principles (GAAP) refer to a common set of accounting standards, principles, and procedures that companies and their accountants must follow when they compile their financial statements. It is intended to ensure consistency, comparability, and integrity in the financial reports generated by different organizations. GAAP is developed, maintained, and updated by the Financial Accounting Standards Board (FASB) in the United States.

Wikidata

  1. Gaap

    In demonology, Gaap is a mighty Prince and Great President of Hell, commanding sixty-six legions of demons. He is, according to The Lesser Key of Solomon, the king and prince of the southern region of Hell and Earth, and according to the Pseudomonarchia Daemonum the king of the western region and as mighty as Beleth, but for both he is the guide of the four kings. He is said to be better conjured to appear when the Sun is in a southern zodiacal sign. Gaap specifically controls the element of water and reigns over the Water Elementals or the 'water demons'. Gaap teaches Philosophy and all liberal sciences, can cause love or hate and make men insensible and invisible, deliver familiars out of the custody of other magicians, teaches how to consecrate those things that belong to the dominion of Amaymon his king, gives true answers concerning past, present and future, and can carry and re-carry men and things speedily from one nation to another at the conjurer's will. According to a few authors he can make men ignorant.

Suggested Resources

  1. GAAP

    What does GAAP stand for? -- Explore the various meanings for the GAAP acronym on the Abbreviations.com website.

Matched Categories

How to pronounce GAAP?

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Numerology

  1. Chaldean Numerology

    The numerical value of GAAP in Chaldean Numerology is: 4

  2. Pythagorean Numerology

    The numerical value of GAAP in Pythagorean Numerology is: 7

Examples of GAAP in a Sentence

  1. Marc Rowan:

    In our view, Venerable is not a great product to be part of a public company, given the inherent volatility of GAAP results if business is run properly.

  2. Goldcorp Chief Executive Chuck Jeannes:

    I absolutely think it's overdone. I'm always surprised by how one day, a quarter of the market cares so much about GAAP (generally accepted accounting principles) earnings and whether there's a miss or not, the operations performed extremely well, we grew production, our cash all-in-sustaining costs were down, we generated $243 million of free cash flow, paid down debt, put money in the bank. All the things that you're supposed to do.

  3. The SEC:

    We are concerned with your overall format and presentation of the non-GAAP measures and believe revisions to your future earnings releases and investor materials are appropriate.

  4. Alibaba CFO Maggie Wu:

    Alibaba's financial statements are prepared in accordance with U.S. GAAP...

Popularity rank by frequency of use

GAAP#10000#21376#100000

Translations for GAAP

From our Multilingual Translation Dictionary

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"GAAP." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/GAAP>.

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