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Using standard accounting methods benefits any small business. For those looking to level up their financial reporting, adopting generally accepted accounting principles (GAAP) can unlock new ...

FASB’s insurance accounting standards under U.S. GAAP were generally perceived as more advanced than the IASB’s International Financial Reporting Standards, and more changes were expected in IFRS in ...

Discover the crucial differences between pro forma and GAAP financial statements. Learn why companies use both and the potential implications of each for investors.

When a public company issues a financial statement, everything needs to be clear and well-understood by everyone reading it. To ensure this, it’s paramount to have a baseline for reporting. That’s ...

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 ...