Generally Accepted Accounting Principles, often known by the acronym GAAP, is a set of accounting rules created to govern financial reporting for corporations in the United States. Publicly traded ...

GAAP standards provide uniform financial reporting, critical for investors and auditors comparing companies. Non-GAAP results adjust GAAP figures to highlight specific financial aspects ...

Non-GAAP financial measures are financial metrics that are not based on standard accounting principles but are presented by a company to ...

The responsibility of enforcing and shaping generally accepted accounting principles (GAAP) falls on two organizations: the Financial Accounting Standards Board (FASB) and the Securities and ...

Purpose: To provide an overview of the fundamentals for basic fund accounting and the financial reporting structure within the context of higher education accounting, Generally Accepted Accounting ...

Rules-based accounting is a standardized process of reporting financial statements. The generally accepted accounting principles (GAAP) system is the rules-based accounting method used in the ...

Existing accounting standards have led to “scope creep,” with derivative standards being applied too often, FASB Chair ...

The Governmental Accounting Standards Board released a study Monday on utilization of GAAP among state and local governments and found all the states are using GAAP, but only about three-quarters of ...