Please note: This item is from our archives and was published in 2005. It is provided for historical reference. The content may be out of date and links may no longer function. here’s a new philosophy ...

The US accounting board launched an effort focused on expanding a financial reporting technique that captures companies’ risk ...

Using GAAP accounting offers greater accuracy and transparency into your revenue and transactions, and it's necessary if you're seeking financial backing from a bank or investors. — Getty ...

The International Accounting Standards Board has issued a revised exposure draft containing proposals for changing the accounting for insurance contracts. Processing Content The exposure draft ...

While not perfect, generally accepted accounting principles are considered the gold standard of accounting rules. Corporations throughout the country use GAAP to prepare their financial statements.

If you run a small business, you may not know much about the Generally Accepted Accounting Principles (GAAP). After all, GAAP standards apply mainly to publicly traded companies, so these rules don’t ...

When a public company issues a financial statement, everything needs to be clear and well-understood by everyone reading it. To ensure this, it’s paramount to have a baseline for reporting. That’s ...

Jennifer Simonson is a business journalist with a decade of experience covering entrepreneurship and small business. Drawing on her background as a founder of multiple startups, she writes for Forbes ...