Why Is GAAP Important to Financial Statements?

by Roger Groh ; Updated September 27, 2017

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.

About the Author

Roger Groh is the founder of Groh Asset Management. He manages portfolios for many types of customers, including customers seeking growth, income, stability or international customers.