Accounting Principles: What They Are and How GAAP and IFRS Work

Accounting principles are the rules that public companies must use when preparing and disclosing their financial statements.
Houston Chronicle

Primary Purpose of Generally Accepted Accounting Principles

Public companies are required to file financial reports regularly and to craft their reports according to generally accepted accounting principles, or GAAP, as the standards are commonly known. The ...
TechRepublic

What Are Generally Accepted Accounting Principles (GAAP)?

What Are Generally Accepted Accounting Principles (GAAP)? Your email has been sent Understanding GAAP is essential for anyone involved in finance or accounting. Learn the key principles and their ...
Nasdaq

What Is GAAP?

Disclosures both supplement and explain amounts in the statements. Examples of how GAAP works Let's take a closer look at GAAP in action, with an example from each of the four previous principles.
Forbes

How GAAP Accounting Rules May Be Damaging To Investors

Michael Kwatinetz is a managing partner with Azure Capital Partners, an early stage venture capital firm. Kwatinetz has a Ph.D. in mathematical modeling and an MBA in accounting; he is also a ...
Investopedia

FIFO vs. LIFO: Understanding U.S. GAAP Inventory Accounting

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Charlene Rhinehart is a CPA , CFE, chair of ...
Houston Chronicle

Objectives of Accounting Principles

Financial accounting principles shape the recording of nearly every business transaction in the business world. The creation of these principles is no small task and can sometimes seem nearly ...