And managerial accounting is not governed by generally accepted accounting principles.

管理会计不受公认会计准则的约束。

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The Generally Accepted accounting principles are rules adopted by the accounting profession, including some principles, such as the principles of Cost, Objectivity, Realization, and Consistency.

《公认的会计准则》便是会计行业所遵循的规则，包括一些原则，譬如成本原则、客观原则、实现原则、一贯原则等。

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Generally Accepted Accounting Principles Accounting has evolved through time, changing with the needs of the society.

公认会计准则会计是经过时间，随着社会需求而变化。

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Deferred taxes are one of the main reasons to hate Generally Accepted Accounting Principles.

FORBES: How Double Taxed Are Investors ?

How big would the federal debt be if it were reported under Generally Accepted Accounting Principles (GAAP)?

FORBES: Distorted Government Statistics Endanger Our Economic Health

The U.S. uses Generally Accepted Accounting Principles (GAAP), which are deemed to have a relatively high standard.

FORBES: Going Global With Accounting