GAAP standards provide uniform financial reporting, critical for investors and auditors comparing companies. Non-GAAP results adjust GAAP figures to highlight specific financial aspects, but they ...

A new Accounting Standards Update establishes previously missing GAAP guidance related to the recognition, measurement, and ...

The Financial Accounting Standards Board has issued a new Accounting Standards Update to address growing confusion over what ...

Past attempts to develop standards for financial reporting, whether in the form of the ARB, the Accounting Principles Board, or the more recent Financial Accounting Standards Board, took place in an ...

Computers, office chairs and factories all wear down and lose value over time. Depreciation is how accountants factor that fact into their number-crunching. A depreciated five-year-old computer isn't ...

Whether you're planning to pursue a career in accounting, management, finance, economics, or any other related field, learning the fundamentals of accounting can provide the framework you need to be ...

IMGCAP(1)]In the first article in this series, we explained the concepts behind the American Institute of CPAs’ release of its guidelines called Financial Reporting Framework for Small and ...

More businesses are beginning to accept cryptocurrencies, including stablecoins, as a form of payment in addition to more traditional methods such as cash and credit card. Properly accounting for ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...