MLchartDataset catalogue

GAAP

Term · Law · MLC-T-LAW-002269

A common set of accounting principles, standards, and procedures that public companies in the United States must follow when they compile their financial statements. These Generally Accepted Accounting Principles (GAAP) are issued and maintained by the Financial Accounting Standards Board (FASB). The U.S. Securities and Exchange Commission (SEC) requires that public companies adhere to GAAP for financial reporting.

Table 1. Record
IdentifierMLC-T-LAW-002269
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002269",
  "term": "GAAP",
  "field": "Law",
  "definition": "A common set of accounting principles, standards, and procedures that public companies in the United States must follow when they compile their financial statements. These Generally Accepted Accounting Principles (GAAP) are issued and maintained by the Financial Accounting Standards Board (FASB). The U.S. Securities and Exchange Commission (SEC) requires that public companies adhere to GAAP for financial reporting.",
  "url": "https://mlchart.com/terminology/law/gaap/"
}

Record 2,177 of 5,439 in Law terminology (MLC-0107). Request the full dataset.