The Generally Accepted Accounting Principles exist to ensure that American accountants are using the same or almost the same standards so that comparison of financial statements between or within a company is easy and accurate. They also promote transparency in accounting. The GAAP are set by the FASB.
Strip steak. Grilled Kansas City strip steak topped with onions and mushrooms. The strip steak, also called a New York strip (only outside New York) or a Kansas City strip steak (US), or a sirloin steak (UK/AU/NZ/ZA), is a cut of beef steaks from the short loin from a cow.
â¢ Skirt steak has more fat than flank steak. â¢ Skirt steak is tender and comes from the belly of the animal. â¢ Skirt steak is also referred to as diaphragm of the animal. â¢ Flank steak is commonly used to make London Broil. â¢ Skirt steak comes from the plate whereas flank steak comes from the adjacent flank in the body of the animal.