Generally Accepted Accounting Principles (GAAP).
Generally Accepted Accounting Principles (GAAP). A widely accepted set of rules, conventions, standards and procedures for reporting financial information, as established by the Financial Accounting Standards Board.
Source
7 CFR § 3570.252
Scoping language
The definitions and abbreviations in 3570.53 apply to this subpart unless otherwise provided. In addition, these definitions and abbreviations are used in this subpart: