Generally accepted accounting principles, known as GAAP, are a standard set of guidelines followed by US accountants and corporations. Since publicly traded companies are required to report GAAP ...

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

It's another busy season for us with the beginning of the academic year. As a result, we're buying some time by bringing back an all-time favorite tongue-in-cheek column that sheds light on how ...

Trump's $250M fraud trial hinges on whether he followed generally accepted accounting principles. In an effort to keep our readers awake, we asked two accountant-comedians to explain the wonkiness.

Learn how the lower of cost or market (LCM) method helps value inventory accurately by using the lesser of historical cost or market value, key for GAAP compliance.

The American Institute of CPAs’ Accounting and Review Services Committee has issued a new standard for accounting and review services as part of an effort to align its standards with both ...

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 ...

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 ...