generally accepted accounting principles

1. 1.

   a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures

   SynonymsGAAP

   Broadercollection

Questions about generally accepted accounting principles

What does generally accepted accounting principles mean?

generally accepted accounting principles means "a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures".

What is another word for generally accepted accounting principles?

Close synonyms include GAAP. Each sense on this page lists its own synonyms, because a word with several meanings rarely has one substitute that works for all of them.

Is generally accepted accounting principles a common word?