If you run a small business, you may not know much about the Generally Accepted Accounting Principles (GAAP). After all, GAAP standards apply mainly to publicly traded companies, so these rules don’t ...

Understanding whether to capitalize or expense costs can keep your financial statements in accordance with generally accepted accounting principles (GAAP) and you out of trouble with the tax ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor ...

New accounting guidance issued Monday by GASB reduces from four to two the categories of authoritative GAAP in the GAAP hierarchy for state and local governments. Under GASB Statement No. 76, The ...

The Cost Accounting Standards Board, a group set up by Congress in 1970 to make sure federal contractors charge their costs appropriately, is finally making some progress in aligning its 19 cost ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance ...

SAP has enhanced its accounting platform to help CFOs and chief accounting officers master the new IFRS 15/ASC 606 standards on revenue recognition. These new accounting standards apply to all ...

GAAP provides standardized reporting for financial transparency, aiding investment comparisons. Public companies must follow GAAP as mandated by the SEC, aiding investor assessments. GAAP ensures ...

Accrual accounting is the preferred approach for companies reporting their financial statements under generally accepted accounting practices (GAAP), which are issued through the standards of the ...