Accounting Principles: What They Are and How GAAP and IFRS Work

Accounting principles are the rules that public companies must use when preparing and disclosing their financial statements.
Houston Chronicle

Definition of a GAAP Audit

All publicly traded companies must annually disclose their financial performance to the public: GAAP audits ensure that these disclosures are valid. Every year, independent accountants review a ...
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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 ...
Investopedia

GAAP vs. IFRS: Key Differences Explained

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. GAAP is used by accountants in the United States. IFRS is used by many ...
Houston Chronicle

Benefits of Accounting Principles

Any small business that publishes financial statements must prepare those statements in accordance with generally accepted accounting principles, or GAAP. GAAP includes accounting principles and ...
Forbes

Generally Accepted Accounting Principles (GAAP) Guide

Jennifer Simonson is a business journalist with a decade of experience covering entrepreneurship and small business. Drawing on her background as a founder of multiple startups, she writes for Forbes ...
NerdWallet

GAAP: What Are ‘Generally Accepted Accounting Principles’?

Knowing GAAP will help you understand your accountant's decision-making process better. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you ...