from The American Heritage® Dictionary of the English Language, 4th Edition
- abbr. generally accepted accounting principles
from Wiktionary, Creative Commons Attribution/Share-Alike License
- Generally Accepted Accounting Principles
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures
Sorry, no etymologies found.
Apple Non-Gaap Vs Gaap Accounting - Yesterday, I linked to this story: Lots of chatter about GAAP vs Non-GAAP accounting at Apple.
You have been using the term GAAP to describe problems with the provenance and integrity of the data sets being used by NASA.
Beginning this period, we decided to join our high tech peers and report results as an Adjusted Net Income number, which we define as GAAP net income adjusted for amortization of acquired intangibles, non-cash stock-based compensation expense, non-cash tax and financing charges, patent gains and discontinued operations.
"Core earnings" represents a non-GAAP financial measure, which we define as GAAP net income excluding impairment losses on mortgage-backed securities, or
SOI and same-station SOI are financial measures of performance that are not calculated in accordance with U.S. generally accepted accounting principles, which we refer to as GAAP.
"Core earnings" represents a non-GAAP financial measure which we define as GAAP net income excluding impairment losses or recoveries on mortgage-backed securities, or MBS.
I would conclude that GAAP is flawed, sometimes beyond any value and look to other factors.
This only makes sense as GAAP is aimed at overstatements of income and tax is aimed at understatements of income.
Adjusted EBITDA is defined as GAAP net (loss) income before interest expense (net of interest income), provision for income taxes, depreciation, stock-based compensation, amortization, purchase accounting impacts relating to acquisitions, acquisition-related costs and restructuring charges.
Non-GAAP operating income and margin are defined as GAAP operating loss income before the pre-tax impact of stock-based compensation, amortization of acquired intangible assets, purchase accounting impacts relating to acquisitions, acquisition-related costs and restructuring charges.
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