IFRS vs. GAAP: Key Differences in Accounting Standards Explained

Discover the key differences between IFRS and GAAP accounting standards, and learn how they impact financial reporting for ...

Accrual vs. Cash Accounting: When Businesses Must Use Accrual

Discover when businesses must use accrual accounting and how it differs from cash accounting. Learn why it's essential for ...
NerdWallet

GAAP: What Are ‘Generally Accepted Accounting Principles’?

Knowing GAAP accounting principles will help you understand why your accountant does the things they do. Many, or all, of the products featured on this page are from our advertising partners who ...
Investing

What is Mark to Market Accounting? A Simple Guide to Fair Value

In finance, few concepts are as crucial — or as controversial — as Mark to Market accounting (often shortened to MTM). For financial institutions and investors alike, MTM acts as the “Mirror of the ...
Houston Chronicle

What Is GAAP Accounting?

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 ...
The White House

White House OMB Board Proposes Elimination of Dozens of Unnecessary and Redundant Accounting Requirements on Federal Contractors

Washington, D.C. – Today, the Office of Management and Budget’s Cost Accounting Standards (CAS) Board, chaired by the Office of Federal Procurement, published two proposed rules to eliminate more than ...
Accounting Today

GASB finds widespread use of GAAP in states and localities

The Governmental Accounting Standards Board released a study Monday on utilization of GAAP among state and local governments and found all the states are using GAAP, but only about three-quarters of ...
Wall Street Journal

In 2025, Accounting Rulemaker to Explore Non-GAAP and R&D Spending

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 ...
CoinTelegraph

KPMG to help US crypto firms uphold reporting standards

KPMG formed a strategic alliance with Cryptio to help crypto firms in the United States adhere to GAAP compliance, enhancing accounting and reporting practices. Big Four accounting firm KPMG ...
Booth School of Business

Does Non-GAAP Reporting Increase Firm Value?

Take a look at almost any earnings press release and you’ll see that standard accounting numbers—for net income, earnings per share, and even revenue—are buried under an avalanche of alternative takes ...
Business.com

What Is GAAP? A Guide to Generally Accepted Accounting Principles

If you run a small business, you may not know much about the Generally Accepted Accounting Principles (GAAP). After all, GAAP standards apply mainly to publicly traded companies, so these rules don’t ...
Houston Chronicle

The Differences of GAAP & Tax Accounting

Not all accounting reports are equal, evidenced by different accounting methods used within the United States. Accounting for a business represents a recording of the financial transactions of a ...