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GAAP

   Also found in: Legal, Financial, Acronyms, Wikipedia 0.03 sec.
GAAP
abbr.
generally accepted accounting principles
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.GAAP - a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures
accounting principle, accounting standard - a principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions
aggregation, collection, accumulation, assemblage - several things grouped together or considered as a whole


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The difference between non-GAAP net operating income and GAAP net income for the quarter occurred primarily due to a September 11th-related government grant of $1.
Google reports operating income, net income, and earnings per share (EPS) on a GAAP and non-GAAP basis.
Generally Accepted Accounting Principles (GAAP) fully diluted earnings per share (EPS) for Q4 2006 was 30 cents with record GAAP net income of $24.
 
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