We all come from accounting department. as all of us know, accounting is needed by all people.
Moreover, those who runs business have more complicated accounting activities which need to be processed accurately and including other parties. in order to make the accounting activities run well and show a good result, there must be a set of "rules" that has been standardized.
An example of Generally Accepted Accounting Principles that accepted in Indonesia is about the abandoned of using LIFO method in counting of goods available for sale.
What we want to achieve related to GAAP is about being someone that has a good authority, as well as the authority of GAAP.
Our Reason of choosing "GAAP" as Group Name
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gaap
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