Welcome to the “Finance for Everyone Toolkit: Generally Accepted Accounting Principles” video lesson intended to highlight the basic principles and assumptions that are required in accounting. Throughout this lesson, viewers will become familiar with GAAP’s key principles, as well as the three qualities that each organization’s financial information must embody. This video lesson is part of the “Finance for Everyone Toolkit,” which provides non-financial employees with foundational knowledge on finance topics. (Keyword: GAAP)