Translations for „generally accepted accounting principles“ in the English » Polish Dictionary

generally accepted accounting principles N

generally accepted accounting principles → GAAP

Monolingual examples (not verified by PONS Editors)

English

Generally accepted accounting principles applies strictly to financial accounting because it was either the only guidance they had at the time, or did not know what else to do.

en.wikipedia.org

Must profit be calculated using generally accepted accounting principles?

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The third paragraph (commonly referred to as the opinion paragraph) simply states the auditor's opinion on the financial statements and whether they are in accordance with generally accepted accounting principles.

en.wikipedia.org

Its profit in the quarter, according to generally accepted accounting principles, was $2.5 billion, down 29 percent year-on-year.

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