please answer it by englishWhy do you think GAAP is needed when the practice of accounting for different industries is accordingly various by nature?

问题描述:

please answer it by english
Why do you think GAAP is needed when the practice of accounting for different industries is accordingly various by nature?

WHAT IS GAAP?IN WHICH FIELED?

GAAP - Generally Accepted Accounting RulesThe Generally Accepted Accounting Principles, or GAAP for short, are a set of accounting rules used to standardize the reporting of financial statements in th...