Generally Accepted Accounting Principles (or GAAP) is a set of accounting standards or rules used for financial reporting. Financial reports and statements prepared by an organisation should adhere to the industry standards so that there is transparency and consistency, which GAAP ensures. Though there is no universal GAAP standard and it differs from country to country, organisations should adopt the local standards.

Staff Accountants, Financial Analysts and Administrative Assistants can improve their career with a certification in GAAP to become Accounting Managers, Senior Accountants, Treasury Managers and Controller.

Naukri Learning provides candidates with well-designed online courses in GAAP which will help candidates to learn the latest accounting principles. There are other related courses like CFA, IFRS, GST, Accounting Tools, and Capital Budgeting which can help professionals in the finance & banking industry.

Benefits of GAAP

• With GAAP, organisations can have an accurate picture of their revenue. You will be able to predict patterns that was not there earlier.
• GAAP is a widely accepted international standard for accounting principles. This will help an organisation to gain trust in those who are interested in investing.
• It is easier for potential investors to compare financial statements when they follow standardised accounting guidelines.

• Finance/Commerce graduates
• Staff Accountants
• Financial Analysts
• Administrative Assistants

Key Skills

• Accounting skills – To be able to utilise the maximum benefits of GAAP, you need to have excellent skills in accounting.
• Mathematical skills – Good knowledge of mathematics is always important in accounting and GAAP is a standard for accounting principles.
• Analytical and decision making – As an accounting professional, you also need to have good analytical and decision making skills.