Professional Documents
Culture Documents
managers
Presented by:
Rajesh.R
1.
What is GAAP?
What is GAAP?
Accounting practices follow certain guidelines
the rule that governs how an accountant
measure progress and communicate financial
information fall under the principle Generally
Accepted Accounting Principles(GAAP).
GAAP comprises of conventions rules and
procedures at any given time they are like the
law or rules for conducting behavior in a way
acceptable to majority of people. GAAP differ
from country to country because of the
legislative requirements of the country.
Advantages.
Limitations
statement?
of
Cash
Flow