GAAP
Generally Accepted Accounting Principles — the standard framework of accounting rules used in the United States.
GAAP is established by the Financial Accounting Standards Board and governs how financial statements are prepared. It covers revenue recognition, asset valuation, expense classification, and disclosure requirements. Public companies must file GAAP-compliant financial statements with the SEC.
Many companies report both GAAP and non-GAAP metrics. Document intelligence helps analysts identify which adjustments companies make to arrive at non-GAAP figures, compare those adjustments across peers, and assess whether non-GAAP presentations are reasonable.
More financial Terms
10-K Filing
An annual report filed with the SEC that provides a comprehensive overview of a public company's financial performance.
Balance Sheet
A financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time.
EBITDA
Earnings Before Interest, Taxes, Depreciation, and Amortization — a measure of a company's operating profitability.
Amortization
The gradual reduction of an intangible asset's value or a loan balance through scheduled periodic payments.
Revenue Recognition
The accounting principle that determines when and how revenue is recorded in financial statements.
Cash Flow Statement
A financial statement that tracks the movement of cash in and out of a business across operating, investing, and financing activities.
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