Accounting principles help hold a company’s financial reporting to clear and regulated standards. In the United States, these standards are known as the Generally Accepted Accounting Principles ...

Accounting principles are a series of rules that guide companies on how to prepare their financial statements. They explain how transactions, such as sales, purchases, and payments, should be ...

Financial accounting principles shape the recording of nearly every business transaction in the business world. The creation of these principles is no small task and can sometimes seem nearly ...

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

A change in accounting principles refers to a business switching its method of compiling and reporting its financials. Specifically, the company will either choose between a variety of generally ...

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 ...

Drexel University's financial accounting policies and procedures follow the generally accepted accounting principles of Fund Accounting as prescribed by the National Association of College and ...

The Governmental Accounting Standards Board issued questions and answers to help explain certain pronouncements to stakeholders. The GASB periodically issues new and updated guidance to assist state ...

The Association of International Certified Professional Accountants, representing AICPA & CIMA, has released a new edition of their Global Management Accounting Principles (GMAP). The GMAP are a ...

Generally Accepted Accounting Principles are a set of accounting rules for companies based in the United States. While the federal government only mandates that publicly traded companies file GAAP ...