Discover the key differences in inventory accounting between GAAP and IFRS, including valuation methods, write-down reversals, and costing formulas.

Discover the three essential financial statements required by GAAP: income statement, balance sheet, and cash flow statement, ensuring accurate financial reporting.

Imagine you're about to purchase a manufacturing company. Your final decision comes down to two profitable enterprises, and you have their financial reports on your desk. These reports are the basis ...

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 ...

Generally accepted accounting principles, or GAAP, established by the Financial Accounting Standards Board, make provisions for various types of investment activities, including the distribution of ...

The Financial Accounting Standards Board hopes to reduce some of the complexity of its standards by leveraging the work of its sister organization, the Private Company Council, which has been working ...

Forbes contributors publish independent expert analyses and insights. #1 stock picker for 51 straight months on SumZero. AI is my edge. Movement in Core Earnings and GAAP earnings were quite different ...

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 ...

“When using non-GAAP measures, some of the most important items to think about are ensuring that the measures are not misleading and the adjustments that are made are appropriate,” Davine told ...