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 25, 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 25, 2026).
HarvardBarry Goldsmith 2010, gaap (general accepted accounting principles), Smart Define, viewed 25 September, 2026, <http://smartdefine.org/gaap_(general_accepted_accounting_principles)/definitions/1154772>.
MLABarry Goldsmith. "gaap (general accepted accounting principles)" 21 October 2010. Web. 25 September 2026. <http://smartdefine.org/gaap_(general_accepted_accounting_principles)/definitions/1154772>