Explore the major differences between IFRS and U.S. GAAP, including inventory write-downs, intangible assets, and accounting ...

Using standard accounting methods benefits any small business. For those looking to level up their financial reporting, adopting generally accepted accounting principles (GAAP) can unlock new ...

Managers and investors would struggle to interpret financial statements without U.S. Generally Accepted Accounting Principles (GAAP). As reported in the Wall Street Journal, GAAP provides a ...

Public companies are required to file financial reports regularly and to craft their reports according to generally accepted accounting principles, or GAAP, as the standards are commonly known. The ...

GAAP, which stands for generally accepted accounting principles, is the set of accounting standards followed by most U.S. businesses, not-for-profit organizations, and state and local governments, as ...

Learn about changes in accounting principles and why businesses make them, as well as the reporting and recording ...

When you read financial statements, you may see GAAP vs. non-GAAP figures reported. All public companies in the U.S. are required to use generally accepted accounting principles (GAAP). Financial ...

More than 17,000 companies are registered with the Securities & Exchange Commission (SEC), and more than 20 million are privately held. For decades, there has been discussion and debate about the ...

FASB on Friday published standards that change the way entities account for securitizations and special-purpose entities. Both standards will require new disclosures. FASB Statement no. 166, ...

When a public company issues a financial statement, everything needs to be clear and well-understood by everyone reading it. To ensure this, it’s paramount to have a baseline for reporting. That’s ...

What Are Generally Accepted Accounting Principles (GAAP)? Your email has been sent Understanding GAAP is essential for anyone involved in finance or accounting. Learn the key principles and their ...