Vocab Bloom Hub

gaap

/ɡæp/

1 entry

noun

/ɡæp/C1formalbusinessabbreviation
  • ruАббревиатура, обозначающая совокупность правил, процедур и соглашений, определяющих общепринятую практику бухгалтерского учёта, включая как общие руководящие принципы, так и детальные процедуры.

An acronym referring to a collection of rules, procedures, and conventions that define accepted accounting practice, including both broad guidelines and detailed procedures.

uncountable · proper noun

  1. Accounting StandardsC1formal

    A set of rules, procedures, and conventions that define accepted accounting practices, including broad guidelines and detailed procedures.

    ruСтандарты бухгалтерского учёта

    • The company's financial statements must comply with GAAP.
    • GAAP provides a framework for consistent financial reporting.
    • Accountants follow GAAP to ensure transparency and accuracy.
Forms
  • gaaps plural form
  • gaaps' possessive plural form
  • gaap's possessive singular form