NOUN
- a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures
How To Use generally accepted accounting principles In A Sentence
- The term generally accepted accounting principles is somewhat debatable in the field of financial accounting.
- Managerial accounting is not bound by generally accepted accounting principles.
- The term generally accepted accounting principles is somewhat debatable in the field of financial accounting.
- Under generally accepted accounting principles, companies may use straight-line or one of the accelerated methods of depreciation for financial accounting purposes.
- In addition, our earnings press release including a reconciliation of certain non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting Principles, or GAAP, is posted on our website at www. perficient.com under News and Events. SeekingAlpha.com: Home Page
- While allowable under Generally Accepted Accounting Principles, "these practices were obfuscating the real performance of companies and misleading millions of unsuspecting investors."
