GENERALLY ACCEPTED ACCOUNTING PRINCIPLES • DICTIONARY ONE.COM • Definition of Generally accepted accounting principles

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/dʒˈɛnərəli æksˈɛptɪd əkˈaʊntɪŋ prˈɪnsəpəlz/ Listen

Generally accepted accounting principles

noun

A collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures. Synonym: GAAP.

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Words linked to "Generally accepted accounting principles" : accounting standard, assemblage, aggregation, collection, accounting principle, accumulation, GAAP