HyperDic: generally_accepted_accounting_principles

English > 1 sense of the expression generally accepted accounting principles:
NOUNgroupgenerally accepted accounting principles, GAAPa collection of rules and procedures and conventions that define accepted accounting practice
English > generally accepted accounting principles: 1 sense > noun 1, group
MeaningA collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures.
SynonymGAAP
Membersaccounting principle, accounting standardA principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions
Broadercollection, aggregation, accumulation, assemblageSeveral things grouped together or considered as a whole

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