Princeton's WordNet(0.00 / 0 votes)Rate this definition:

1. generally accepted accounting principles, GAAP(noun)

   a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures

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1. Gaap

   In demonology, Gaap is a mighty Prince and Great President of Hell, commanding sixty-six legions of demons. He is, according to The Lesser Key of Solomon, the king and prince of the southern region of Hell and Earth, and according to the Pseudomonarchia Daemonum the king of the western region and as mighty as Beleth, but for both he is the guide of the four kings. He is said to be better conjured to appear when the Sun is in a southern zodiacal sign. Gaap specifically controls the element of water and reigns over the Water Elementals or the 'water demons'. Gaap teaches Philosophy and all liberal sciences, can cause love or hate and make men insensible and invisible, deliver familiars out of the custody of other magicians, teaches how to consecrate those things that belong to the dominion of Amaymon his king, gives true answers concerning past, present and future, and can carry and re-carry men and things speedily from one nation to another at the conjurer's will. According to a few authors he can make men ignorant.

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1. GAAP

   What does GAAP stand for? -- Explore the various meanings for the GAAP acronym on the Abbreviations.com website.

Anagrams for gaap »

1. AAGP

Numerology

1. Chaldean Numerology

   The numerical value of gaap in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of gaap in Pythagorean Numerology is: 7

Sample Sentences & Example Usage

1. The SEC:

   We are concerned with your overall format and presentation of the non-GAAP measures and believe revisions to your future earnings releases and investor materials are appropriate.

2. Goldcorp Chief Executive Chuck Jeannes:

   I absolutely think it's overdone. I'm always surprised by how one day, a quarter of the market cares so much about GAAP (generally accepted accounting principles) earnings and whether there's a miss or not, the operations performed extremely well, we grew production, our cash all-in-sustaining costs were down, we generated $243 million of free cash flow, paid down debt, put money in the bank. All the things that you're supposed to do.

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