GAAP

abbr.

generally accepted accounting principles

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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Noun

GAAP - a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures

generally accepted accounting principles

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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References in periodicals archive

* GAAP net loss was $11.4 million, or $0.57 per basic share, compared with net income of $8.0 million, or $0.40 per diluted share in the second quarter of 2018, and a net loss of $10.5 million, or $0.53 per basic share in the first quarter of 2019.

Applied Optoelectronics Reports Second Quarter 2019 Results

Healthcare company PerkinElmer Inc (NYSE:PKI) disclosed on Monday its GAAP earnings per share from continuing operations of USD0.62 for the second quarter ended 30 June 2019.

PerkinElmer achieves higher GAAP earnings per share from continuing operations of USD0.62 for Q2 2019

As the reporting of non-GAAP financial performance measures has gained popularity, these measures have raised concerns at the SEC as to whether they are more prominent than GAAP measures or misleading to investors.

Learning from the Current Research on Non-GAAP Financial Measures

GAAP Operating Income was up 1% to $2.8 billion and GAAP Operating Margin was 30%.

Oracle Corporation announces fiscal results

This marks a growth when compared with GAAP net income of USD0.8m (USD0.02 per diluted share) for the second quarter of 2017 and GAAP net income of USD2.0m (USD0.05 per diluted share) for the third quarter of 2016, respectively.

Omnicell announces record revenue rise of 3.3 % for Q3 2017

Gross profit: USD99.2 million GAAP compared to USD87.4 million in the third quarter of 2015.

Synchronoss Technologies Q3 total revenue up YoY

In any accounting period, a company's net income as determined while applying GAAP might include certain one-time expenses that management believes might actually distort that period's earnings picture.

Assessing the gap in GAAP: which numbers represent true earnings?

GAAP diluted net loss per share was USD0.01 for the first quarter of 2016, compared with USD0.01 for the first quarter of 2015.

Ruckus Wireless Q1 2016revenue up 22.5% YoY