generally accepted accounting principles(redirected from Generally Accepted Account Principles)
Also found in: Thesaurus, Legal, Financial.
Related to Generally Accepted Account Principles: International Accounting Standards
Switch to new thesaurus
|Noun||1.||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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.