non-GAAP figures reported. 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 ...

Hence these rules, universally known as Generally Accepted Accounting Principles(GAAP), are a set of principles, procedures, or standards used by companies while consolidating their financial ...

Accountants must be aware of these biases when complying with accounting standards. This is especially important when ...

You can spot creative accounting practices on a company's balance sheet by analyzing its assets, liabilities, and equity. Overstating assets and/or understating liabilities leads to increased net ...

The accrual method is one of the most common and preferred invoicing methods that comply with GAAP. Under this method, you record revenue when you earn it, regardless of when you receive the payment.

Reviewed by Chip Stapleton Fact checked by Suzanne Kvilhaug Despite major efforts by the Financial Accounting Standards Board ...

The "targeted improvements" to the FASB Accounting Standards Codification are a part of an evergreen project focused on making incremental changes to GAAP. Public comments on the ASU, published ...

Several KPIs companies mention outside of the financial statements are considered non-GAAP, meaning they go beyond U.S. generally accepted accounting principles. The project, if added to the ...

Under the revised framework, companies can now assess crypto-safeguarding obligations under broader U.S. GAAP and IFRS ...