Generally Accepted Accounting Principles are the common set of accounting principles, standards and procedures that companies use to compile their financial statements. GAAP are a combination of authoritative standards (set by policy boards) and the commonly accepted ways of recording and reporting accounting information. In the United States, as well as other countries practicing English common law system, the government does not set accounting standards, on the theory that the private sector has better knowledge and resources. The GAAP is not written in law, but the U.S. Securities and Exchange Commission (SEC) requires that it be followed in financial reporting by publicly traded companies.
GAAP are imposed on health care organizations so that a minimum level of consistency in ...
This solution discusses the idea behind GAAP, and why it is important for consistency in financial reporting and corporate compliance in health care organizations in 469 words.
Health Care Organizations - GAAP, Corporate Compliance & Ethics
Please help with the concepts of answering this question: How do GAAP, Corporate Compliance, and Ethics combine to prevent fraud and abuse in health care organizations?
With this question I'm describing the concepts of GAAP, ethics, corporate compliance, fraud and abuse.
Also, it needs to describe and identify the relationships of these concepts including fraud and abuse prevention.