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 ...

Flexible usage is maintained through a set of standards, or common rules, known as the generally accepted accounting principles (GAAP) in the United States and the International Financial ...

The passage of the landmark Bipartisan Infrastructure Law (Infrastructure Investment and Jobs Act, IIJA) by Congress ...

KPMG's Monisha Santamaria and Nick Tricarichi discuss the scope of the latest guidance on the corporate alternative minimum ...

Investors and lenders rely on financial accounting to obtain critical information about businesses' financial solvency and the risks they face. The most important benefit of financial accounting ...

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

Ladies and gentlemen, thank you for standing by. My name is Rob, and I’m your event operator today. I’d like to welcome ...

Public companies are considered to be held to a higher standard because of their mandate to follow Generally Accepted Accounting Principles (GAAP) but that hasn’t stopped several companies ...

Under current Generally Accepted Accounting Principles, how companies are required to capitalize software development costs for so-called internal-use software is dependent on the type of the costs ...