= GAAP

Standards followed by US accountants in measuring, recording, and reporting transactions. In the USA there is a requirement to state whether financial statements conform with GAAP. In the UK the concept is more loosely used but is normally taken to mean accounting standards and the requirements of company legislation and the stock exchange.

See:

accounting concepts, Financial Reporting Standard, International Accounting Standards Board, Statement of Financial Accounting Standards, Statement of Standard Accounting Practice.

• managed fund
• managed PEP
• managed unit trust
• management accounting
• management audit
• management buy-in
• management buy-out
• management company
• management consultant
• management contracting
• manat
• M and A
• mandate
• mandatory bid
• mandatory liquid assets
• mandatory quote period
• Manila Stock Exchange
• Marché des Options Négotiables de Paris
• Marché à Terme des Instruments Financiers
• Marché à Terme Internationale de France
• Mareva injunction
• margin
• margin account
• marginal cost
• marginal costing