Also found in: Thesaurus, Legal, Financial, Acronyms, Wikipedia.
generally accepted accounting principles
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Switch to new thesaurus
|Noun||1.||GAAP - 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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.