The author and editors take ultimate responsibility for the content. Generally accepted accounting principles, or GAAP, is a set of accounting standards followed by most U.S. businesses ...

According to generally accepted accounting principles (GAAP), there are two criteria a company must meet before it can record ...

All public companies in the U.S. are required to use generally accepted accounting principles (GAAP). Financial statements created using these principles are filed on a quarterly basis.

the organization that created the Generally Accepted Accounting Principles (GAAP). The main drawback of accrual accounting is that it doesn’t actually reflect the amount of cash a business ...

Investors and lenders rely on financial accounting to obtain critical information about businesses' financial solvency and ...

In June the FASB voted 7-0 for the more targeted update, even as some expressed concerns about not going far enough to ...

Higher third quarter funds flow from operations of $124.7 million ($1.64 per share)— a 34 percent increase over the third ...