Discover the key differences between IFRS and GAAP accounting standards, and learn how they impact financial reporting for ...

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 ...

Private companies are calling for their own accounting playbook. While privately held companies easily make up the majority of businesses in the U.S., they still are governed by the same set of basic ...

In recent years, accountants have begun to recognize that financial statements prepared under generally accepted accounting principles (GAAP) cannot adequately communicate the value of companies that ...

The FASB also announced earlier this month the availability of the 2025 DQC Rules Taxonomy (DQCRT) and 2025 GAAP Meta Model Relationships Taxonomy (MMT), which together with the GRT, SRT and the EBPT ...

The Financial Accounting Standards Board is marking a half century of service and received a special proclamation from the mayor of Norwalk, Connecticut, where FASB is based. Last Wednesday, Norwalk ...

Not-for-profit financial statement preparers would experience significant changes in practice as a result of new standards proposed Wednesday by FASB. FASB issued separate accounting standards ...

Discover the key differences in inventory accounting between GAAP and IFRS, including valuation methods, write-down reversals ...

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 ...