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Definition of GAAP
1. Noun. A collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures.
Exact synonyms: Generally Accepted Accounting Principles
Member holonyms: Accounting Principle, Accounting Standard
Generic synonyms: Accumulation, Aggregation, Assemblage, Collection
Member holonyms: Accounting Principle, Accounting Standard
Generic synonyms: Accumulation, Aggregation, Assemblage, Collection
Definition of GAAP
1. Acronym. (accounting) w:Generally Accepted Accounting Principles Generally Accepted Accounting Principles ¹
¹ Source: wiktionary.com