Accounting principles help hold a company’s financial reporting to clear and regulated standards. In the United States, these standards are known as the Generally Accepted Accounting Principles ...

Importance of GAAP Without GAAP, companies wouldn't be held to a strict set of standards, which means they'd have a lot more leeway in deciding what information they choose to share or keep hidden.

GAAP stands for generally accepted accounting principles that public companies must follow. Learn what is considered GAAP vs. non-GAAP and why they're important.

Several KPIs companies mention outside of the financial statements are considered non-GAAP, meaning they go beyond U.S. generally accepted accounting principles.

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 ...

Little GAAP Could Drive Accounting Simplification By Emily Chasan Senior Editor Updated Sept. 24, 2013 2:38 pm ET Share ...

The SEC said Tuesday that on July 2, it will upgrade EDGAR to Release 12.1. At that point, EDGAR will no longer support the 2009 U.S. GAAP Taxonomy, which is a system that uses Extensible Business ...

In March last year, the Corp Fin staff issued Disclosure Guidance Topic No. 9, which reminded companies that “we do not believe it is appropriate for a company to present non-GAAP financial ...

Generally Accepted Accounting Principles are a set of accounting rules for companies based in the United States. While the federal government only mandates that publicly traded companies file GAAP ...

GAAP vs. IFRS It’s important to remember that GAAP is a United States standard for accounting. While many multinational companies practice Generally Accepted Accounting Principles for transparency’s ...