generally accepted accounting principles

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Related to Accounting Practices: GAAP, Accounting Principles
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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
References in periodicals archive ?
According to her, it has been shown by empirical research and legal pronouncements that these social vices that led to the collapse and failure of many of our companies were aided and abetted by invidious and insidious accounting practices.
Karachi -- In the public interest there is a scope of further improving the public sector financial reporting and to carry out a gap analysis of current accounting practices and study on the viability of implementing IPSAS in Pakistan.
The Commission on Audit (COA) said the city government has much to do to improve its accounting practices, based on applicable Philippine Public Sector Standards on Auditing.
The so-called Generally Recognized Accounting Practices (GRAP) that are being enforced in the public sector of countries such as South Africa, one of the front-runners in this regard is based on the Generally Accepted Accounting Practices originally developed for the private sector.
The error accumulated over more than six years based on recommended accounting practices at each of the three hospitals in the system.
Baltimore, MD, December 31, 2014 --(PR.com)-- The Government Contracting Institute will hold “2015 Updated Essential Accounting Practices for Federal Contractors” on February 11, 2015 at the bwtech@UMBC Research Park in Baltimore, Maryland.
As management accounting contributes to the creation of value as a strategic concept, the value created by management accounting practices should lead a business towards economic success while also addressing its social and environmental objectives.
The forum was part of the Knowledge Forum series sharing accounting practices and treatments that are exclusive to takaful insurance companies.
This paper applies a Difference-in-Difference method and Sobel's procedure to examine the complex relationships among corporate governance, management accounting practice and organizational performance, and finds out that the organizations with the majority of independent directors and the leadership sparation most likely adopt management accounting practices and as a result achieve the most enhanced performance.
The second dimension follows the first one by focusing on accounting practices. We then quantify the feasibility of a global capital market ([gamma][phi] Index) when considering two capital markets.
As a member of the IREM Ethics Committee, we see cases alleging poor and, at times, non-existent accounting practices. After reading the full code, it's clear to us as members that many failures in one area of ethics have repercussions in other areas.

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