What are some of the most important recent changes in U.S. GAAP Accounting Standards? Why is it important for public and ...

Public companies are required to file financial reports regularly and to craft their reports according to generally accepted accounting principles, or GAAP, as the standards are commonly known. The ...

When a public company issues a financial statement, everything needs to be clear and well-understood by everyone reading it. To ensure this, it’s paramount to have a baseline for reporting. That’s ...

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 ...

Nearly four years after dropping a years–long project that would have changed goodwill accounting, the FASB is wrestling with ...

Norwalk, Conn. — The Securities and Exchange Commission has spoken, the Financial Accounting Standards Board has listened, and the shift to principles-based accounting standards is about to take a ...

On June 27, 2024, the Office of Federal Procurement Policy’s Cost Accounting Standards (CAS) Board issued an advanced notice of proposed rulemaking (ANPRM) seeking public comments on proposed changes ...

When you read financial statements, you may see GAAP vs. non-GAAP figures reported. All public companies in the U.S. are required to use generally accepted accounting principles (GAAP). Financial ...

More than 17,000 companies are registered with the Securities & Exchange Commission (SEC), and more than 20 million are privately held. For decades, there has been discussion and debate about the ...

The Financial Accounting Standards Board has voted to add a project to its technical agenda on market-return cash balance ...

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 ...

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 ...