oboloo Glossary

Gaap Accountant

oboloo Glossary

Gaap Accountant

A GAAP accountant is responsible for the proper implementation of Generally Accepted Accounting Principles (GAAP). They must ensure that all financial records and transactions accurately reflect the organization’s performance. This includes overseeing accounts payable, accounts receivable, payroll processing, budgeting, asset management, financial reporting, tax filing and reconciliations. Professionals in this field must have strong knowledge of accounting principles as well as attention to detail and an analytical mindset. Being a GAAP accountant involves an ongoing commitment to continuing professional development so that they can remain knowledgeable about changes in the field. It’s a challenging but rewarding career that offers meaningful work with potential for advancement.