Definitions
There is 1 meaning of the phrase
Generally Accepted Accounting Principles.
Generally Accepted Accounting Principles - as a noun
A collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures
Synonyms (Exact Relations)
gaapExample Sentences
"Organizations use generally accepted accounting principles to ensure accurate and consistent financial reporting."
"Financial statements prepared in accordance with generally accepted accounting principles are generally considered to be reliable."
"The Securities and Exchange Commission requires publicly traded companies to follow generally accepted accounting principles."
"Companies that deviate from generally accepted accounting principles may face penalties or legal consequences."
"Investors rely on financial statements prepared using generally accepted accounting principles to make informed investment decisions."
Word Variations & Relations
A-Z Proximities
generalizesgeneralizinggeneralledgenerallinggenerally Generally Accepted Accounting Principles
generalnessgeneralnessesgeneralsgeneralshipgeneralships
