Generally Accepted Accounting Principles The accounting principles, standards and procedures that companies use to draft their financial statements. Home Resources Startup Law Dictionary Generally Accepted Accounting Principles Return to Glossary Need legal help? Schedule a free consultation with a world-class startup attorney on LawTrades. LET'S CHAT Roy G. Business Attorney Heather N. Business Attorney Jared S. Business Attorney Tell us about your project We'll connect you with a vetted attorney in just a few minutes. Trusted by top companies like :