Companies must follow all specific rules and regulations with regularity. The accounting principles work together, so any deviation from reporting requirements on one part of a company's financial ...

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 ...

Generally accepted accounting principles (GAAP) is a technical accounting term that encompasses the conventions, rules and procedures necessary to define accepted accounting practice at a particular ...

documents how companies should treat changes in accounting principles and changes in accounting estimates, two related but different concepts. A principle determines how information should be ...

Many of us are likely familiar with the accounting world’s Rules vs. Principles ethics regulation. But you may not be aware that the Department of Labor, since promulgating its fiduciary rule ...

In a letter sent to the FASB in August, Betsy Rafael, vice president, corporate controller and principle accounting officer, made a case for changes to the rules. "It is our belief that investors ...

The International Accounting Settings Board (IASB ... vary depending on which method is used. IFRS is "principles-based," while GAAP is "rules-based." Countries that have adopted the IFRS use ...