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    it easier for investors and creditors to get information. Here are some of the goals of GAAP.

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    What is GAAP?

    GAAP, or Generally Accepted Accounting Principles, refers to rules and parameters set by the Accounting Practices Board of the American Institute of Certified Public Accountants. GAAP also includes certain established ways of accounting, which may or may not have been set by any authority.

    Aim of GAAP:

    GAAP aims toward making the accounting procedure transparent and make it easier for investors and creditors to get information. Here are some of the goals of GAAP.

    1)

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    set by the Accounting Practices Board of the American Institute of Certified Public Accountants. GAAP also includes certain established ways of accounting, which may or may not have been set by any authority.

    Aim of GAAP:

    GAAP aims toward making the accounting procedure transparent and make it easier for investors and creditors to get information. Here are some of the goals of GAAP.

    1

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    also includes certain established ways of accounting, which may or may not have been set by any authority.

    Aim of GAAP:

    GAAP aims toward making the accounting procedure transparent and make it easier for investors and creditors to get information. Here are some of the goals of GAAP.

    1

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    Aim of GAAP:

    GAAP aims toward making the accounting procedure transparent and make it easier for investors and creditors to get information. Here are some of the goals of GAAP.

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    it easier for investors and creditors to get information. Here are some of the goals of GAAP.

    1) To make information available to investors and lenders so they can make sound decisions regarding loans and investments.

    2) To make information available about resources, funds, and finances.

    3) To help investors and lenders assess the viability of an investment or a loan.

    Principles behind GAAP:

    This section discusses some of the principles behind GAAP.

    1) Historical Cost

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