What does GAAP mean in Accounting?
This page is about the meanings of the acronym/abbreviation/shorthand GAAP in the Business field in general and in the Accounting terminology in particular.
Generally Accepted Accounting Practice
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Definition
What does GAAP mean?
- generally accepted accounting principles, GAAP(noun)
- a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures
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"GAAP." Abbreviations.com. STANDS4 LLC, 2024. Web. 13 Jun 2024. <https://www.abbreviations.com/term/1722010>.
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