Explore the major differences between IFRS and U.S. GAAP, including inventory write-downs, intangible assets, and accounting ...

In the area of fixed assets and the resultant depreciation there are some major differences between the GAAP rules codified in ASC Topic 360 and the IFRS rules in IAS 16. Processing Content In GAAP ...

GAAP, which stands for generally accepted accounting principles, is the set of accounting standards followed by most U.S. businesses, not-for-profit organizations, and state and local governments, as ...

Editor’s Note: Lee Hodge is a member of the Business Practice Group at Ward and Smith, P.A. What is Changing? The U.S. Securities and Exchange Commission ("SEC") has announced a proposed timetable for ...

Explore OCBOA, a flexible non-GAAP accounting framework that includes tax-basis, cash-basis, and statutory accounting, offering an easier, cost-effective alternative for financial statements.

GAAP accounting stands for generally accepted accounting principles. These principles are a set of standardized rules that accountants use. Companies that sell public stock and release financial ...

Generally accepted accounting principles are a set of 10 accounting standards and guidelines created and maintained by the U.S. Financial Accounting Standards Board. Since the FASB established GAAP ...

The documents that comprise the taxonomies can be accessed via FASB’s taxonomies webpage or individually at the following ...

Prompted by federal regulators, Tesla urged its numbers crunchers to do their work a bit differently last year. Alarmed by publicly traded companies’ increasing ways to be creative with their income ...