Accounting principles are guidelines companies must follow when recording and reporting accounting transactions. GAAP and IFRS are the two major standards used worldwide. Accounting principles are ...

Reviewed by Amy Drury Fact checked by Suzanne Kvilhaug Accrual Accounting Methodology Accrual accounting is the preferred ...

Reviewed by David Kindness Fact checked by Suzanne Kvilhaug There are differences between how the U.S. Generally Accepted ...

non-GAAP and what you should do if a company reports both. GAAP, or Generally Accepted Accounting Principles, accounting standards are created and administered by the Financial Accounting ...

Kothari, S.P., Karthik Ramanna, and Douglas J. Skinner. "Implications for GAAP from an Analysis of Positive Research in Accounting." Journal of Accounting & Economics 50, nos. 2-3 (December 2010): 246 ...

Explore the current business landscape. Gain an in-depth understanding of accounting tools and advanced-level economic analysis. Understand how the GAAP accounting rules, and company accounting ...

Explore the current business landscape. Gain an in-depth understanding of accounting tools and advanced-level economic analysis. Understand how the GAAP accounting rules, and company accounting ...

The SEC approved three taxonomies, including the 2025 GAAP Financial Reporting Taxonomy, and FASB finalized two others.

The US Securities and Exchange Commission (SEC) has accepted the 2025 taxonomies for financial reporting as announced by the ...