Understanding Onerous Contracts: Definition, Examples, and Accounting Rules

Learn what an onerous contract is, regulations for reporting them, and examples. Explore how IFRS and GAAP differ in handling these unfavorable contracts.
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 ...
Houston Chronicle

What Principles of GAAP Affect the Items Reported on Financial Statements?

Generally accepted accounting principles, or GAAP, essentially impact every item on a qualifying financial statement. Most companies and organizations follow GAAP when creating financial statements.
Investopedia

Financial Accounting Meaning, Principles, and Why It Matters

U.S. public companies are required to perform financial accounting in accordance with generally accepted accounting principles (GAAP). Their purpose is to provide consistent information to investors, ...
Forbes

The Case For Generally Accepted Principles For Cybersecurity

Ed Gaudet is the CEO and Founder of Censinet, a healthcare risk management platform, and member of the Health Sector Coordinating Council. Cybersecurity has become as essential to a company’s ...
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 ...
American Enterprise Institute

Allowing U.S. and EU Corporations to Adopt U.S. Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS)

April 30, 2007 was an important day for U.S. investors. On that day, President George W. Bush, German Chancellor Angela Merkel, and European Commission President José Manuel Barroso agreed to “promote ...
Business Wire

WNS (Holdings) Limited Reports Unaudited Fiscal 2024 and 2023 Results Under Accounting Principles Generally Accepted in the United States of America

NEW YORK & LONDON & MUMBAI, India--(BUSINESS WIRE)--WNS (Holdings) Limited (“WNS” or “the Company”) (NYSE: WNS), a leading provider of global digital-led Business Process Management (BPM) solutions ...