Re:Startup Metrics
by caminante on Saturday August 22, 2015 @02:37PM
(#10103299)
Are you sure you're an accountant? GAAP = Generally ACCEPTED Accounting PRINCIPLES
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Yes. The term is not legislatively defined, it is a term used in industry, over the years I've heard it defined both ways as "agreed" and "accepted", but I agree that accepted seems more common now. Talks to the point of why use of undefined acronyms can lead to confusion.