Discover the three essential financial statements required by GAAP: income statement, balance sheet, and cash flow statement, ...

Discover how absorption costing is used in GAAP for external reporting. Learn its components and why it's essential for ...

The GAAP approves four different methods for depreciating business assets: the straight-line method, the units of production method, the declining balance method and the sum-of-the-year's-digits ...

Many companies, large and small, offer a broad range of products and services to their customers. Often these product and service sales are negotiated at the same time with a single customer, ...

Generally accepted accounting principles, or GAAP, serve as guidelines for businesses large and small in reporting financial information to outsiders. GAAP's objective is to guarantee that current or ...

It would be understandable if leaders of some private companies have not had the time to consider adopting the private company GAAP alternatives created by FASB’s Private Company Council (PCC).

The Governmental Accounting Standards Board released a study Monday on utilization of GAAP among state and local governments and found all the states are using GAAP, but only about three-quarters of ...

The Financial Accounting Standards Board hopes to reduce some of the complexity of its standards by leveraging the work of its sister organization, the Private Company Council, which has been working ...

Take a look at almost any earnings press release and you’ll see that standard accounting numbers—for net income, earnings per share, and even revenue—are buried under an avalanche of alternative takes ...

Non-GAAP operating income was $323 million, with a non-GAAP operating margin of 12.7%, a sequential increase of 40 basis points. Adjusted EBITDA reached $379 million (14.8% margin), while non-GAAP net ...