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Introduction to GAAP (Generally Accepted Accounting Principles)

Introduction to GAAP (Generally Accepted Accounting Principles)

This video discusses Generally Accepted Accounting Principles (GAAP). GAAP refers to the common set of rules companies must follow when preparing financial reports for external parties (investors and creditors). Not all countries use the same GAAP. A country may adopt International Financial Reporting Standards or it may create its own local ...

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