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.
According to the FoodTV Encyclopedia for Delmonico Steak, the Delmonico steak is a boneless top loin steak, which is also called a New York strip steak and a Kansas City strip steak. (With the bone in, it is usually called a club steak.)
First, a definition. Steaks are basically any piece of meat that falls under the category of fast-cooking cutsâcuts that are low enough in connective tissue that they don't require the long cooking times that slow-cooking cuts require. The difference between a steak and roast essentially comes down to size. Any good roast can be cut into individual steaks (although, unfortunately, it's not possible to put together several steaks into a large roast without the aid of transglutaminase, or at the very least, a reliable time machine).