Sociology is a science. In fact, a sociologist has to have more personally challenging scientific standards than the more popularly-known sciences such as physics and chemistry, because it is much more challenging to deal with bias and subjectivity.
Generally Accepted Accounting Principles (United States) Generally Accepted Accounting Principles, also called GAAP or US GAAP, is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC).
What are 'Generally Accepted Accounting Principles - GAAP'. Generally accepted accounting principles (GAAP) are a common set of accounting principles, standards and procedures that companies must follow when they compile their financial statements.