Donald Trump addresses reporters on the opening day of his New York civil fraud trial, with defense attorney Alina Habba.
Donald Trump addresses reporters on the opening day of his New York civil fraud trial, with defense attorney Alina Habba.
  • Trump's $250M fraud trial hinges on whether he followed generally accepted accounting principles.
  • In an effort to keep our readers awake, we asked 2 accountant-comedians to help tame the wonkiness.
  • Careful though, just thinking about GAAP could "probably put Zzzquil out of business," one warns.

Trying to follow the Trump Organization civil fraud trial but don't understand all the quacking about "GAAP, GAAP, GAAP" — those wonky, "generally accepted accounting principles" at the heart of the trial?