Generally accepted accounting principles, referred to as GAAP, represent a set of standards and guidelines for financial accounting and reporting for businesses and other organizations. GAAP serves to ...

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 ...

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 ...