The author and editors take ultimate responsibility for the content. Generally accepted accounting principles, or GAAP, is a set of accounting standards followed by most U.S. businesses ...
All public companies in the U.S. are required to use generally accepted accounting principles (GAAP). Financial statements created using these principles are filed on a quarterly basis.
Responsibility for enforcement and shaping of generally accepted accounting principles (GAAP) falls to two organizations: The Financial Accounting Standards Board (FASB) and Securities and ...
IFRS is "principles-based," while GAAP is "rules ... and the need for increased disclosures in financial statements. GAAP provides a list of detailed rules for accountants to follow.
Figures are for fiscal year ended Sept. 30, 2022. Figures prepared in accordance with U.S. Generally Accepted Accounting Principles. Market value as of Oct. 23, 2023 ...
Company is incorporated in the Cayman Islands. Executive offices are in China. Figures prepared in accordance with U.S. Generally Accepted Accounting Principles. Market value as of July 15, 2024.