The United States Accounting standards established by the FASB. GAAP are the standards, conventions, and rules that accountants follow in recording and summarizing transactions and in preparing financial statements. GAAP, measured at fair value, is the foundational standard for accounting within the Reporting Standards.
Global Definitions Database
Generally Accepted Accounting Principles (GAAP)
Source: NCREIF PREA Reporting Standards | Date: 30 October 2020 | ID: D0206 | Version: 3