Financial statements in the United States are reported using GAAP principles so that full disclosure is provided to potential investors. Use the Generally Accepted Accounting Principles to understand the finances of a company with insight from a personal financial adviser in this free video on finances.
Cite this Article
Groh, Roger. "Why Is GAAP Important to Financial Statements? ." Pocket Sense, https://pocketsense.com/why-is-gaap-important-to-financial-statements-13582827.html. 27 September 2017.
Groh, Roger. (2017, September 27). Why Is GAAP Important to Financial Statements? . Pocket Sense. Retrieved from https://pocketsense.com/why-is-gaap-important-to-financial-statements-13582827.html
Groh, Roger. "Why Is GAAP Important to Financial Statements? " last modified September 27, 2017. https://pocketsense.com/why-is-gaap-important-to-financial-statements-13582827.html
Note: Depending on which text editor you're pasting into, you might have to add the italics to the site name.