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 Generally Accepted Accounting Principles, or GAAP, is the required method of accounting for public companies. Tax accounting can be similar, although taxpayers have far more options available.

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. Amanda Bellucco-Chatham is an editor, writer, and ...

Reviewed by Robert C. KellyFact checked by Vikki VelasquezReviewed by Robert C. KellyFact checked by Vikki Velasquez The Reporting Requirements of Contingent Liabilities Contingent liabilities are ...

However, that condition is satisfied only under specific accounting conditions — it depends on the accounting for book value and associated earnings. The empirical analysis confirms that the ...

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 ...

This course will suit you if you wish to develop a strong understanding of basic accounting principles. It is especially useful if you wish to pursue roles in accounting, auditing, consulting or ...

The SEC often questioned companies about disclosures related to China and using metrics that deviate from US generally ...

The Controller’s Office is responsible for oversight of the collection and disbursement of funds and appropriate recording and reporting of all financial transactions for the University in accordance ...

Opinions expressed by Forbes Contributors are their own. I am the Kester and Brynes Professor at Columbia Business School and a Chazen Senior Scholar at the Jerome A. Chazen Institute for Global ...

QuickBooks offers the best all-around accounting software, with the most sophisticated library of features, an intuitive interface, and a large amount of integrations with other services to make ...