The author and editors take ultimate responsibility for the content. Generally accepted accounting principles, or GAAP, is a set of accounting standards followed by most U.S. businesses ...
GAAP principles dictate: How a company can recognize ... with non-GAAP numbers. For example, one-time costs suddenly become recurring costs. Synergies that were expected don't happen.
J.P. Nodier / Getty Images Generally accepted accounting principles (GAAP ... in the market value of the inventoried asset. For example, let's say a company produces crude oil at a cost of ...