Understanding Accounting Changes: Principles, Estimates, and Impact

Discover what accounting changes are, how they affect financial statements, and why full disclosure is essential for ...
Investopedia

Accounting Principle vs. Accounting Estimate: What's the Difference?

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. David Kindness is a Certified Public ...
Seeking Alpha

Generally Accepted Accounting Principles (GAAP)

Generally accepted accounting principles, known as GAAP, are a standard set of guidelines followed by US accountants and corporations. Since publicly traded companies are required to report GAAP ...
Houston Chronicle

Why Are Accounting Characteristics Important?

A company's decision-makers must be able to trust the accounting information provided by the accounting department. A company uses its financial data and other accounting information to make decisions ...
Accounting Today

Lease accounting: Principles-based or just an agreement in principle?

Many claim that "principles-based" accounting standards are superior to "rules-based" standards. For example, the chair of the International Accounting Standards Board, Sir David Tweedie, made this ...
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 ...
TechRepublic

What Are Generally Accepted Accounting Principles (GAAP)?

What Are Generally Accepted Accounting Principles (GAAP)? Your email has been sent Understanding GAAP is essential for anyone involved in finance or accounting. Learn the key principles and their ...