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

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 ...

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

non-GAAP figures reported. 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 ...