GAAP accounting stands for generally accepted accounting principles. These principles are a set of standardized rules that accountants use. Companies that sell public stock and release financial ...

GAAP reports in detailed, precise formats; IFRS allows flexible, principle-based reporting. GAAP does not permit asset value recovery post-impairment; IFRS allows revaluation. IFRS does not mandate ...

The 2025 FASB taxonomies have been finalized. FASB announced Tuesday that the SEC has accepted the 2025 GAAP Financial Reporting Taxonomy (GRT), the 2025 GAAP Employee Benefit Plan Taxonomy (EBPT), ...

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 ...

In professor Jessica Berrett’s Nonprofit Financial Management class at the University of Colorado Colorado Springs, graduate students from the College of Public Service compiled a list of best ...

Nov. 23 (UPI) --The world's largest courier service, UPS, will pay $45 million in fines after settling claims one of its units misrepresented earnings, the U.S. Securities and Exchange Commission ...

Financial statements are one mechanism in which to provide insight into a company's financial health. However, management may not be satisfied that this information clearly reflects their business, ...

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 ...

China's updated accounting regulations will classify data resources as intangible assets or inventories, boosting the country's digital economy. The inclusion of data assets on balance sheets offers ...

This post was originally published on TKer.co. Warren Buffett thinks this whole discussion of whether or not a company beats expectations is problematic. In his new annual letter to Berkshire Hathaway ...

Accruals in accounting are income earned and revenue incurred that are recorded as transactions occur, rather than upon completion of payment or delivery. Accruals are the basis of the accrual method ...