generally_accepted_accounting_principles (HyperDic hyper-dictionary)

English > 1 sense of the expression *generally accepted accounting principles*:
NOUN	group	generally accepted accounting principles, GAAP	a collection of rules and procedures and conventions that define accepted accounting practice

English > *generally accepted accounting principles*: 1 sense > noun 1, group
Meaning	A collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures.
Synonym	GAAP
Members	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
Broader	collection, aggregation, accumulation, assemblage	Several things grouped together or considered as a whole

HyperDic: generally_accepted_accounting_principles