Super Finance Glossary

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Over 10,000 financial glossary terms...

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Generally Accepted Accounting Principles (GAAP)

Generally Accepted Accounting Principles (GAAP)
Definition: The overall conventions, rules, and procedures that define accepted accounting practice at a particular time in the U.S.
Generally Accepted Accounting Principles (GAAP)
Definition: Accounting rules and conventions established by the Financial Accounting Standards Board that define acceptable practices in preparing financial statements.