What is the meaning of GAAP (General Accepted Accounting Principles)?

Conventions, rules and procedures that define general accounting practice, including broad guidelines as well as detailed procedures.

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APABarry Goldsmith. (2010). GAAP (General Accepted Accounting Principles). Retrieved September 22, 2026, from http://smartdefine.org/gaap_(general_accepted_accounting_principles)/definitions/1154772
ChicagoBarry Goldsmith. 2010. "GAAP (General Accepted Accounting Principles)" http://smartdefine.org/gaap_(general_accepted_accounting_principles)/definitions/1154772 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, GAAP (General Accepted Accounting Principles), Smart Define, viewed 22 September, 2026, <http://smartdefine.org/gaap_(general_accepted_accounting_principles)/definitions/1154772>.
MLABarry Goldsmith. "GAAP (General Accepted Accounting Principles)" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/gaap_(general_accepted_accounting_principles)/definitions/1154772>