.SmallCapVoice.com
http://www.qualitystocks.net
RedChip
GAAP (General Accepted Accounting Principles)
GAAP (General Accepted Accounting Principles)
Financial accounting is information that must be assembled and reported objectively. Third-parties who must rely on such information have a right to be assured that the data are free from bias and inconsistency, whether deliberate or not. For this reason, financial accounting relies on certain standards or guides that are called “Generally Accepted Accounting Principles” (GAAP).
Also read:
- Become an OTC Listing now on the OTCBB or Pink Sheets for a TOTAL cost of only $40,000
- OTC Listings Exclusive Offer: Buy Advertising and Social Media With OTC Listings and Stock Exchange Listings Services
Principles derive from tradition, such as the concept of matching. In any report of financial statements (audit, compilation, review, etc.), the preparer/auditor must indicate to the reader whether or not the information contained within the statements complies with GAAP.
