According to the American Institute of Certified Public Accountants, “accounting is the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and ...

Transitioning from cash-basis or tax-based accounting to generally accepted accounting principles, or GAAP, can be a difficult process for restaurants. GAAP requires owners to follow more nuanced ...

Understanding whether to capitalize or expense costs can keep your financial statements in accordance with generally accepted accounting principles (GAAP) and you out of trouble with the tax ...

Please note: This item is from our archives and was published in 2005. It is provided for historical reference. The content may be out of date and links may no longer function. here’s a new philosophy ...

The Financial Accounting Standards Board released a long-awaited accounting standards update Wednesday to improve the financial reporting for insurance companies that issue long-duration contracts, ...

Here's the lowdown on how changes to accounting practices could affect the broking business. What is UK GAAP? UK GAAP, or UK Generally Accepted Accounting Practice, is the overall framework that ...