The author and editors take ultimate responsibility for the content. Generally accepted accounting principles, or GAAP, is a set of accounting standards followed by most U.S. businesses ...

But the question of how, and when, profits are recognized for tax purposes is driven heavily by the application of ...

Generally accepted accounting principles (GAAP) require that all inventory reserves be stated and valued using either the ...

All public companies in the U.S. are required to use generally accepted accounting principles (GAAP). Financial statements created using these principles are filed on a quarterly basis.

According to generally accepted accounting principles (GAAP), there are two criteria a company must meet before it can record ...

the organization that created the Generally Accepted Accounting Principles (GAAP). The main drawback of accrual accounting is that it doesn’t actually reflect the amount of cash a business ...

Intangible assets aren’t being captured in the merger review thresholds that federal antitrust agencies rely on, a paper ...

Reviewed by Robert C. KellyFact checked by Suzanne KvilhaugReviewed by Robert C. KellyFact checked by Suzanne Kvilhaug Absorption costing and variable costing are methods used in accounting to ...