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

GAAP > Generally Accepted Accounting Principles
Subtopics: General Accepted Accounting Principles 

Rules and procedures generally accepted within the accounting profession. The Financial Accounting Standards Board is the body primarily responsible for developing rules governing US generally accepted accounting practices.

Barry Goldsmith
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APABarry Goldsmith. (2010). GAAP (Generally Accepted Accounting Principles). Retrieved September 22, 2026, from http://smartdefine.org/gaap_(generally_accepted_accounting_principles)/definitions/1154773
ChicagoBarry Goldsmith. 2010. "GAAP (Generally Accepted Accounting Principles)" http://smartdefine.org/gaap_(generally_accepted_accounting_principles)/definitions/1154773 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, GAAP (Generally Accepted Accounting Principles), Smart Define, viewed 22 September, 2026, <http://smartdefine.org/gaap_(generally_accepted_accounting_principles)/definitions/1154773>.
MLABarry Goldsmith. "GAAP (Generally Accepted Accounting Principles)" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/gaap_(generally_accepted_accounting_principles)/definitions/1154773>