GAAP is a set of generally accepted accounting principles widely used in the U.S. for financial reporting by corporations and government entities.

Definition of a GAAP Audit. All publicly traded companies must annually disclose their financial performance to the public: GAAP audits ensure that these disclosures are valid. Every year ...

Definition of Capital Expenditure Under GAAP A capitalized expense is one that becomes an asset to your company and is typically a much larger expense.

We need a unified approach to cyber risk management that integrates financial oversight with a cybersecurity strategy.

GAAP stands for generally accepted accounting principles that public companies must follow. Learn what is considered GAAP vs. non-GAAP and why they're important.

The Financial Accounting Standards Board will evaluate two weighty issues in 2025 on how companies report their performance metrics and research and development spending as it looks to refill its ...

Learn about inventory costing differences between generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS).

The current GAAP treatment for crypto asset may not reflect the true nature of the asset class, leading to somewhat misleading financials.

“Non-Recurring” is not defined in GAAP. A commonly accepted definition is found in the SEC’s rules and regulations regarding the use of non-GAAP financial measures in public filings.

The new guidance is a response to concerns that the prior Generally Accepted Accounting Principles (GAAP) definition of business was too broad or challenging to apply.

The prior U.S. GAAP definition required the evaluation of whether a market participant could replace missing inputs or processes to be a business. FASB developed the guidance in response to concerns ...