Words similar to gaap

Example sentences for: gaap

How can you use “gaap” in a sentence? Here are some example sentences to help you improve your vocabulary:

In 1996, through the joint efforts of the Treasury, OMB, and GAO, a body of generally accepted accounting principles (GAAP) covering most transactions was promulgated for the Federal government.
While many of the standards comprising Federal GAAP have already been made effective, three of those standards will not be effective until fiscal year 1998.
The hierarchy of generally accepted accounting principles4 (GAAP) governs what constitutes GAAP for all U.S. government reporting entities.
In such cases, the components may need to provide additional disclosures or different measurements required to comply with Federal GAAP.
If these differences are material, the standards constituting Federal GAAP should be applied for purposes of including the components in entity-wide statements.