gaap gaap

Definition(s):

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

News

  1. Smith & Wesson Holding (SWHC) Rose To A 3-Month High On Q4 Forecast

    Smith & Wesson Holding (SWHC) announced preliminary net sales for the fourth quarter of $179 million after the close Thursday. Preliminary GAAP net income from continuing operations is expected to be approximately $0.44 per diluted share. The consensus estimates are for revenues of $170.72 million and EPS of $0.40.
    on June 17, 2013     Source: RTT News

  2. NASBA Stands Behind GAAP for Private Companies: Opposes Non-Authoritative Frameworks

    The National Association of State Boards of Accountancy (NASBA) reaffirmed today its support of Generally Accepted Accounting Principles (GAAP) as modified by the Financial Accounting Standards Board (FASB) to meet the financial reporting needs of private companies. (PRWeb June 13, 2013) Read the full story at http://www.prweb.com/releases/2013/6/prweb10831328.htm
    on June 13, 2013     Source: PRWeb

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Quotes

  1. "We are pleased to report record revenue and GAAP earnings per share for our fiscal second quarter," said Marc Benioff, chairman and CEO, salesforce.com. "We added 3,900 net new customers, bringing our total to more than 63,000, with our...
    on Aug 20, 2009 By: Marc Benioff Source: MSN Money

  2. "The SEC has, in its release of 21st December 2007, permitted foreign private issuers to prepare financial statements under IFRS without reconciliation to US GAAP. The Indian GAAP is presently based on IFRS with a full convergence with IFRS expected...
    on Apr 2, 2008 By: Vijay Kumar Source: Thaindian.com (blog)

Word of the Day
maxim maxim
/ˈmæk səm /