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What is another word for generally accepted accounting principles?

Pronunciation: [d͡ʒˈɛnəɹə͡li ɐksˈɛptɪd ɐkˈa͡ʊntɪŋ pɹˈɪnsɪpə͡lz] (IPA)

Generally Accepted Accounting Principles (GAAP) refer to principles and guidelines that are accepted as standard practices in the accounting world. However, there are other synonymous terms that are used to refer to the principles and guidelines that accounting practices abide by. For instance, some refer to this set of principles as Generally Accepted Accounting Standards (GAAS) while others use the term Generally Accepted Accounting Rules (GAAR). The goal of GAAP is to ensure that financial statements are comparable, relevant, and accurate so that investors, stakeholders, and decision-makers can make informed decisions based on reliable information. There are several bodies responsible for setting GAAP including the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB).
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What are the hypernyms for Generally accepted accounting principles?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

  • Other hypernyms:

    ACCOUNTING STANDARDS, Accounting regulations, Accounting rules, Disclosure requirements, Financial reporting standards.

What are the hyponyms for Generally accepted accounting principles?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

What are the meronyms for Generally accepted accounting principles?

Meronyms are words that refer to a part of something, where the whole is denoted by another word.

  • meronyms for generally accepted accounting principles (as nouns)

    • group
      accounting standard, accounting principle.

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