Library / English Dictionary

    GENERALLY ACCEPTED ACCOUNTING PRINCIPLES

    Pronunciation (US): Play  (GB): Play

     I. (noun) 

    Sense 1

    Meaning:

    A collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed proceduresplay

    Synonyms:

    GAAP; generally accepted accounting principles

    Classified under:

    Nouns denoting groupings of people or objects

    Hypernyms ("generally accepted accounting principles" is a kind of...):

    accumulation; aggregation; assemblage; collection (several things grouped together or considered as a whole)

    Meronyms (members of "generally accepted accounting principles"):

    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)

    Credits


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