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.
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).