What is the meaning of Generally Accepted Accounting Principles?

Subtopics: GAAP 

Generally Accepted Accounting Principles is a set of uniform accounting rules for recording and reporting financial information as established by the Financial Accounting Standards Board.

Barry Goldsmith
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APABarry Goldsmith. (2010). generally accepted accounting principles. Retrieved September 22, 2026, from http://smartdefine.org/generally_accepted_accounting_principles/definitions/1154871
ChicagoBarry Goldsmith. 2010. "generally accepted accounting principles" http://smartdefine.org/generally_accepted_accounting_principles/definitions/1154871 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, generally accepted accounting principles, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/generally_accepted_accounting_principles/definitions/1154871>.
MLABarry Goldsmith. "generally accepted accounting principles" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/generally_accepted_accounting_principles/definitions/1154871>