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generally accepted accounting principles

   Also found in: Legal, Financial, Acronyms, Wikipedia 0.01 sec.
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Noun1.generally accepted accounting principles - a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures
accounting principle, accounting standard - a principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions
aggregation, collection, accumulation, assemblage - several things grouped together or considered as a whole


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org) Maintains generally accepted accounting principles used by publicly traded companies.
BIG THINGS ARE HAPPENING in the realm of Generally Accepted Accounting Principles and your company will almost certainly be affected.
FASB issued an exposure draft (ED), The Hierarchy of Generally Accepted Accounting Principles (www.
 
 
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