generally accepted accounting principles

Noun
  1. A collection of rules and procedures and conventions that define accepted accounting practice;
    Includes broad guidelines as well as detailed procedures (synset 108162878)
    is a type of: accumulation, aggregation, assemblage, collection - several things grouped together or considered as a whole
    member holonym: 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
    same as: gaap

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