Generally Accepted Accounting Principles (GAAP) is the standard framework of guidelines for financial accounting. It includes the standards, conventions, and rules accountants follow in recording and summarizing transactions, and in the preparation of financial statements. – definition According to wikipedia Wikipedia – GAAP Please note that the previous link in CAPITAL LETTERS as entering Gaap instead of GAAP will result in a different and non related page.
You may also want to look at IFRS relating to GAAP.
SAICA has a Gaap monitoring panel SAICA – GAAP Monitoring
There is also – GAAP handbook – written by HC Wingard DCom (Accounting Sciences) CA(SA) Professor, Department of Financial Accounting, School of Accounting Sciences, University of South Africa
ISBN number: 9780409100495
Of course, In south Africa the Financial Advisory and Intermediary Services Act of 2002 also deals with the control over the way listed companies implement accounting practice.
The Cubit Accounting, Business and Payroll system adheres to Generally Accepted Accounting Principles, where possible or relevant.
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Generally Acceptedaccounting standards, rules and procedures defined by the professional accounting industry, which has been adopted by nearly all publicly traded U.S. companies.Principles (GAAP) is a framework of
Generally Accepted Accounting Principles (GAAP) is a framework of accounting standards, rules and procedures defined by the professional accounting industry. Nearly all companies around the world has adopted these principles.