Generally Accepted Accounting Principles (GAAP) - Financial definition Financial acronyms The entire acronym collection of this site is now also available offline with this new app for iPhone and iPad. Tags: accounting norms and standards Concise definition of the term Generally Accepted Accounting Principles Accounting standard. Browse the financial glossary in alpabetical order # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z