Generally Acceptable Accounting Principles

Translations missing. Please help us to translate this therm

NIH: The meaning specified in accounting standards issued by the Government Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB).

OSP: The common set of accounting principles, standards, and procedures.  GAAP are a combination of authoritative standards (set by policy boards) and simply the commonly accepted ways of recording and reporting accounting information.