Tag: Generally Accepted Accounting Principles

It’s easy to understand why lending institutions and investors often require financial statements that comply with the standards of generally accepted accounting principles (GAAP). GAAP-compliant financial statements provide a level of transparency and reliability that Read More

On June 22, the Financial Accounting Standards Board (FASB) unanimously voted to add a project to its rulemaking agenda to modernize the accounting and disclosure rules for reporting software costs. Here's an overview of the Read More