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.
Club steak (bone-in). Club steak is a name for a bone-in strip steak. It's a roughly triangular steak with an L-shaped bone. The club steak is similar to a T-bone steak, but it's taken from the front part of the short loin, the part nearest the rib, so it doesn't have any of the tenderloin. Alternately, club steaks can come from short loins where the tenderloin has been removed, in which case it can come from the anterior (front) or posterior (rear) of the short loin.