Gap analysis is a strategic planning tool to help you understand where you are, where you want to be and how you’re going to get there here’s a simple gap analysis chart. Generally accepted accounting principles (gaap) is a framework of accounting standards, rules and procedures defined by the professional accounting industry, which has been adopted by nearly all publicly traded us companies.
Gap analysis refers to the process through which a company compares its actual performance to its expected performance to determine whether it is meeting expectations and using its resources effectively gap analysis seeks to define the current state of a company or organization and the target state.
A set of techniques to examine and describe the gap between current performance and desired future goals gap analysis is the comparison of actual performance with potential or desired performance that is the ‘current state’ the 'desired future state’ an important aspect of gap analysis is. In management literature, gap analysis involves the comparison of actual performance with potential or desired performance  if an organization does.
Use gap analysis to propel your project into a bright future by identifying objectives, analyzing the present situation and planning the journey.
What are 'generally accepted accounting principles - gaap' generally accepted accounting principles (gaap) are a common set of accounting principles, standards and procedures that companies must follow when they compile their financial statements gaap is a combination of authoritative standards. If you want to have a good comprehensive break down on how things are running you should take a gap analysis.