Discover how absorption costing is used in GAAP for external reporting. Learn its components and why it's essential for understanding manufacturing costs.

The GAAP approves four different methods for depreciating business assets: the straight-line method, the units of production method, the declining balance method and the sum-of-the-year's-digits ...

Generally accepted accounting principles, or GAAP, are a set of fundamentals for financial record-keeping and reporting that public companies and many private companies must follow. The Financial ...

Many companies, large and small, offer a broad range of products and services to their customers. Often these product and service sales are negotiated at the same time with a single customer, ...

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 ...

Discover the crucial differences between pro forma and GAAP financial statements. Learn why companies use both and the potential implications of each for investors.

It would be understandable if leaders of some private companies have not had the time to consider adopting the private company GAAP alternatives created by FASB’s Private Company Council (PCC).

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 ...

The 2019 third quarter earnings season is approaching its end with over 400 S&P 500 companies having already reported results. A key part of these results for investors is the company’s earnings, and ...

Forbes contributors publish independent expert analyses and insights. #1 stock picker for 51 straight months on SumZero. AI is my edge. Whenever non-GAAP metrics get attacked, a slew of contrarians ...