How do the Generally Accepted Accounting Principles $($GAAP$)$ ensure consistency and transparency in financial reporting across different organizations?

$($Provide examples of how GAAP helps investors and stakeholders make informed decisions based on financial statements.$)$

When applying GAAP to record transactions, how do specific principles such as the matching principle and revenue recognition principle impact the accuracy and timing of financial statement preparation?

$($Provide examples of how these principles influence business decision$-$making.$)$