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 such cases, the components may need to provide additional disclosures or different measurements required to comply with Federal GAAP.
The hierarchy of generally accepted accounting principles4 (GAAP) governs what constitutes GAAP for all U.S. government reporting entities.
In that event, agencies should view the hierarchy as providing sources of GAAP for the Federal Government.
If these differences are material, the standards constituting Federal GAAP should be applied for purposes of including the components in entity-wide statements.
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.