How to pronounce “gaap” in English

He says you should- GAAP is tough enough, and you shouldn't have these other types of supplementary earnings.

And we need GAAP accounting just like motorists need traffic lights.

Warren Buffett makes fun out of non-GAAP and all these other numbers they come up with.

And their argument is that the GAAP income statement which we see here in the center, it doesn't tell you how much cash is coming in and out of a company.

So I'm in the GAAP column right now.

So I want you to compare the difference between the GAAP expense for intangibles and the EVA approach.

So I want to make a proposal that the GAAP income statement is too, "venture capitalist" for the defensive investor and is too,

Depending on whether you want to look at non-GAAP or GAAP earnings, earnings either went up or down a little bit.

Now the blue bar, that's your GAAP net income.

You'll read in "The Wall Street Journal" day after day now bigger and bigger gap between GAAP and adjusted earnings, which may not include

And to do this I want to introduce generally accepted accounting principals, or GAAP.

And you see that beginning in 2013, the gap between GAAP net income has widened.

With the enterprise income statement, we can see that there's a tighter correlation between GAAP profits and enterprise profits.

And so in this approach, we are going to reject the GAAP income statement, because it's like being half pregnant.

When you open up an annual report or a 10-K and you look at the financial statements, that's GAAP accounting.

So that's a $8.5 billion of cash that's coming out of your corporate checking account that does not appear in the GAAP income statement.

And one thing I like to look at is I like to see, what's the percentage of free cash flow earnings to GAAP earnings.