GAAPnoun [ plural ]
uk/ɡɑːp/us/ɡɑːp/abbreviation for Generally Accepted Accounting Principles: the rules that companies must follow when they give financial information:
Under US GAAP accounting rules, the company's earnings fell to a $1.1 billion loss.
Thesaurus: synonyms and related words
Accounting
- accountancy
- accountant
- accounting
- accounts
- arrears
- auditor
- balance
- bill
- capital
- capital gains
- costing
- double entry bookkeeping
- expenditure
- false accounting
- fraudulent accounting
- FRS
- housekeeping
- imprest
- loss
- square
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