GAAP Accounting Principles. This paper is written about GAAP accounting principles. The purpose of GAAP financial statements is to report the financial position, results of operations, and cash flows of a reporting entity that comprises a parent and its affiliates essentially as if all of their assets, liabilities, and activities were held, incurred, and conducted by a single entity with one or more branches or divisions. Pages: 5 Bibliography: 0 source(s) listed Filename: 19047 GAAP Accounting Principles.doc Price: 44.75