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Generally Accepted Accounting Principles
(redirected from Generally accepted accounting practice)

   Also found in: Legal, Wikipedia 0.04 sec.
Generally Accepted Accounting Principles (GAAP)
The overall conventions, rules, and procedures that define accepted accounting practice at a particular time in the U.S.


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Anicom" or the "Company") (Nasdaq: ANIC) and three of the Company's senior executives were charged with engaging in improper accounting practices by misstating financial results, particularly overstating the Company's net assets, in violation of Generally Accepted Accounting Practices ("GAAP").
 
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