Thursday, March 23, 2023, 6:24 AM
Site: WSFR Training Portal
Course: WSFR Training Portal (WSFR Training)
Glossary: Glossary of Terms, Acronyms and Definitions


Generally Accepted Accounting Principles


Generally Accepted Government Auditing Standards


U.S. Government Accountability Office.

General Location

The general location based on the location entered in the grant proposal details.  

Generally Accepted Accounting Principles (GAAP)

Accounting standards issued by the GASB and FASB.

Generally Accepted Government Auditing Standards (GAGAS)

Also known as the Yellow Book, means generally accepted government auditing standards issued by the Comptroller General of the United States, which are applicable to financial audits.

Geographic Information System (GIS)

A computer system capable of capturing, storing, analyzing, and displaying geographically referenced information, that is, data identified according to location. Practitioners also define a GIS as including the procedures, operating personnel, and spatial data that go into the system (270 FW8).

Geographic Location

The "Geographic Location" is a critical element of the Project Statement to identify the location on the map where the grant activities will take place.


Government owned, contactor operated.


An award of financial assistance made by the Federal Government to an eligible grantee to carry out one or more approved projects.