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GAAP vs generally accepted accounting principles

generally accepted accounting principles vs GAAP

GAAP and generally accepted accounting principles both are nouns.

Word NounAdjectiveVerbAdverb
GAAP Yes No No No
generally accepted accounting principles Yes No No No
As nouns, GAAP and generally accepted accounting principles are synonyms defined as:
  • GAAP and generally accepted accounting principles: a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures
GAAP (noun) generally accepted accounting principles (noun)
a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures
Difference between GAAP and generally accepted accounting principles

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