Glossary of Terms, Acronyms and Definitions
The glossary is your key to decoding acronyms, terms and definitions throughout the site.
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Generally Accepted Accounting Principles
Generally Accepted Government Auditing Standards
U.S. Government Accountability Office.
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.
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.