The common set of accounting principles, standards and procedures that companies use to compile their financial statements. GAAP are a combination of authoritative standards (set by policy boards) and simply the commonly accepted ways of recording and reporting accounting information.
Share. Edinburgh is the capital city of Scotland and one of the larger cities in Western Europe. Many hail the city of Edinburgh as the cultural center of Scotland (though others might make a case for Glasgow).
Where is Iceland? Iceland is a North Atlantic island and the westernmost country in Europe, midway between North America and mainland Europe. It lies about 800 km northwest of Scotland and 970 km west of Norway, and its northern coast is just below the Arctic Circle. Iceland is the same distance from London as Athens. The distance from New York to Iceland is the same as from New York to Los Angeles. ReykjavÃ­k is the world's northernmost capital city.