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).
Located in northwest Europe, Scotland is one of the four countries that comprise the United Kingdom. Spanning more than 30,000 square miles, it takes up the northern third of Great Britain, and is bordered on the south by England.urrounded by water, Scotland is bordered by the North Sea on the east, the Atlantic Ocean on the north and west, and the North Channel and the Irish Sea to the southwest. In addition to the mainland, there are 790 islands that make up Scotland.