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.

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. For example, ...

If companies were to deviate from that definition outside of their financials, the Securities and Exchange Commission or other regulators might require them to disclose their rationale, Jones said.

GAAP results include a net income tax benefit of $2.6 billion for the fourth quarter of fiscal year 2019 and a net income tax benefit of $104 million for the fourth quarter of fiscal year 2018. These ...

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

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.

A new 23-page Technical Question & Answer (TQA) document issued by the AICPA will help preparers and practitioners determine if their client is a public business entity under the updated U.S. GAAP ...

Not GAAP and not non-GAAP: Not all metrics that don’t fall squarely under GAAP are non-GAAP measures. Keep an eye out for the following, none of which are non-GAAP figures, and therefore do not ...

GAAP results include a net income tax benefit of $2.6 billion for the fourth quarter of fiscal year 2019 and a net income tax benefit of $104 million for the fourth quarter of fiscal year 2018. These ...