generally accepted accounting principles
- n a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures
generally accepted accounting principles :
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- FASB Endorses Three Private Company Council Proposals
The Financial Accounting Standards Board today voted to endorse three alternatives within U.S. Generally Accepted Accounting Principles proposed by the Private Company Council to address concerns raised about the relevance and complexity of certain aspects of GAAP for private company stakeholders.
June 10, 2013 - Business Wire via Yahoo! Finance