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 ...

Responsibility for enforcement and shaping of generally accepted accounting principles (GAAP) falls to two organizations: The Financial Accounting Standards Board (FASB) and Securities and ...

Investors and lenders rely on financial accounting to obtain critical information about the financial stability and risks of ...

Purpose: To provide an overview of the fundamentals for basic fund accounting and the financial reporting structure within the context of higher education accounting, Generally Accepted Accounting ...

All public companies in the U.S. are required to use generally accepted accounting ... of the capital markets in the United States. While GAAP accounting covers the entirety of the accounting ...

Notable accounting errors and a federal investigation have kept the U.S. agricultural giant Archer-Daniels-Midland Co. (ADM) ...

2.0 Organizational boundary definitions: There are significant differences between the definition of organizational boundaries required by US GAAP (Generally Accepted Accounting Principles ...

like the choice of using the US Generally Accepted Accounting Principles (US GAAP), International Financing Reporting Standards (IFRS) established by the International Accounting Standards Board (IASB ...

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

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 ...

With the debt ceiling being raised yet again to avoid a government shutdown, now is the time to address the root cause of the ...