CPAs

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January 1, 1 5 min read Definitions

Generally Accepted Accounting Principles (GAAP)

GAAP Financial Reporting FASB CPAs Accounting Standards Real Estate

Generally Accepted Accounting Principles (GAAP) are a set of rules and guidelines prepared by the Financial Accounting Standards Board (FASB) and adhered to by Certified Public Accountants (CPAs) to ensure consistency, reliability, and transparency in financial reporting.