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 ...

Generally accepted accounting principles, or GAAP, essentially impact every item on a qualifying financial statement. Most companies and organizations follow GAAP when creating financial statements.

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

External audits focus on whether and how well a business's financial statements adhere to generally accepted accounting principles, or GAAP. The objective of GAAP is to standardize and regulate ...

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 ...

Firms have become increasingly brazen in their use of alternative metrics which cast their financials in a favourable light. How do you transform a loss of US$420 million into a profit of US$60 ...

This paper investigates the predictive value of tangible long-lived asset impairments for changes in future operating cash flows under U.S. GAAP and IFRS. We find that impairments reported under IFRS ...

The purpose of the document includes providing insights into two key business segments of Celanese, namely Engineered Materials and the Acetyl Chain. The Company occasionally discloses non-GAAP ...

SEC Expected to Raise More Questions About How Firms Calculate Non-GAAP Measures Some businesses have been told to remove certain adjustments in future financial statements to avoid violating rules ...