Articles related to "Gaap"
GAAP and Accounting Standards
Generally accepted accounting principles (GAAP) are the basis of financial accounting and reflect federal financial accounting standards. GAAP is important to US firms.
gaap • accounting standards • gaap accounting • fasb • accounting standards board
Generally accepted accounting principles (GAAP) are the basis of financial accounting and reflect federal financial accounting standards. GAAP is important to US firms.
gaap • accounting standards • gaap accounting • fasb • accounting standards board
On the Switch from GAAP to IFRS Reporting
The SEC has decided to give up GAAP. Financial statements by companies in the U.S. will no longer follow GAAP, but will follow IFRS.
accounting • sec • accounting changes • sec rules • gaap
The SEC has decided to give up GAAP. Financial statements by companies in the U.S. will no longer follow GAAP, but will follow IFRS.
accounting • sec • accounting changes • sec rules • gaap
Quick Reference GAAP Guide
These 12 Generally Accepted Accounting Principles help ensure that information in financial statements is relevant, reliable, consistent, and comparable.
gaap guide • generally accepted accounting principles • accounting cycle • accounting rules • principles of accounting
These 12 Generally Accepted Accounting Principles help ensure that information in financial statements is relevant, reliable, consistent, and comparable.
gaap guide • generally accepted accounting principles • accounting cycle • accounting rules • principles of accounting
IFRS: Accounting Standards
What is the International Accounting Standards Board (IASB) and why are the International Financial Reporting Standards (IFRS) issued by it so important?
ifrs • international financial reporting standards • iasb • international accounting standards board • accounting standards
What is the International Accounting Standards Board (IASB) and why are the International Financial Reporting Standards (IFRS) issued by it so important?
ifrs • international financial reporting standards • iasb • international accounting standards board • accounting standards
Life-Cycle Costing
Life-cycle costing offers a different way to look at overall product costs than other types of costing such as job-order, process, and activity-based costing.
life cycle costing • product costing • job order costing • process costing • value engineering
Life-cycle costing offers a different way to look at overall product costs than other types of costing such as job-order, process, and activity-based costing.
life cycle costing • product costing • job order costing • process costing • value engineering
The Field of Business Accounting
The field of business accounting is divided into financial accounting and managerial accounting. They are different by purpose, target audience, and standards.
accounting field • financial accounting • managerial accounting • business accounting • generally accepted accounting principles
The field of business accounting is divided into financial accounting and managerial accounting. They are different by purpose, target audience, and standards.
accounting field • financial accounting • managerial accounting • business accounting • generally accepted accounting principles
Mark-to-Market Takes Precedence in Global Crisis
The Financial Crisis Advisory Group has singled out fair value or mark-to-market accounting as one of the main areas of improvement in response to the global crisis.
gordon brown • derecognition • fasb • financial instruments • g-20
The Financial Crisis Advisory Group has singled out fair value or mark-to-market accounting as one of the main areas of improvement in response to the global crisis.
gordon brown • derecognition • fasb • financial instruments • g-20
Recognizing Earnings Accurately
Businesses selling customized, high-value products or services can smooth out large swings in revenue by using the percent complete method for revenue recognition.
smoothing revenues • smoothing earnings • smoothing income • revenue recognition • earnings recognition
Businesses selling customized, high-value products or services can smooth out large swings in revenue by using the percent complete method for revenue recognition.
smoothing revenues • smoothing earnings • smoothing income • revenue recognition • earnings recognition
Straight-Line and MACRS Method
An accountant may prepare financial reports for a company using one method, but use a different method for the company's tax return. An example of this is depreciation.
straight-line method • macrs method • accounting for depreciation • financial reporting and the irs • asset depreciation
An accountant may prepare financial reports for a company using one method, but use a different method for the company's tax return. An example of this is depreciation.
straight-line method • macrs method • accounting for depreciation • financial reporting and the irs • asset depreciation
The Nine Steps in The Accounting Cycle
The accounting cycle refers to nine steps, repeated in each reporting period, to verify transactions and prepare financial statements for internal and external users.
generally accepted accounting principles • business financial statements • the accounting cycle • post transactions • adjusted trial balance
The accounting cycle refers to nine steps, repeated in each reporting period, to verify transactions and prepare financial statements for internal and external users.
generally accepted accounting principles • business financial statements • the accounting cycle • post transactions • adjusted trial balance
Accounts Used in Accounting
A summary of the types of accounts used in accounting, how they fit into the chart of accounts, and how they are related.
accounting accounts • accounting equation • chart of accounts • assets liabilities equity • double-entry accounting
A summary of the types of accounts used in accounting, how they fit into the chart of accounts, and how they are related.
accounting accounts • accounting equation • chart of accounts • assets liabilities equity • double-entry accounting
Financial Statements-Balance Sheet
The balance sheet is an important financial statement that is released on an annual basis by companies; it demonstrates that the accounting equation is in balance.
balance sheet • financial statements • balance sheet analysis • company balance sheet • accounting balance sheet
The balance sheet is an important financial statement that is released on an annual basis by companies; it demonstrates that the accounting equation is in balance.
balance sheet • financial statements • balance sheet analysis • company balance sheet • accounting balance sheet
How to Record a Prepaid Expense
Prepayments are those made in advance and used throughout an accounting period, such as rent or insurance. It is important to match these payments to the right period.
prepayments • accounting period • adjusting accounts • fifth step in the accounting cycle • prepaid expense
Prepayments are those made in advance and used throughout an accounting period, such as rent or insurance. It is important to match these payments to the right period.
prepayments • accounting period • adjusting accounts • fifth step in the accounting cycle • prepaid expense
Backflush Costing
Backflush costing is a nontraditional type of costing that complements just-in-time inventory systems.
backflush costing • costing • activity based costing • just in time inventory • costing systems
Backflush costing is a nontraditional type of costing that complements just-in-time inventory systems.
backflush costing • costing • activity based costing • just in time inventory • costing systems
EU Ministers Ask IASB 'Please Explain'
Progress towards global accounting standards is under threat as EU finance ministers pressure standard setters for a more level playing field.
charlie mccreevy • eu • finance ministers • banks • accounting standards
Progress towards global accounting standards is under threat as EU finance ministers pressure standard setters for a more level playing field.
charlie mccreevy • eu • finance ministers • banks • accounting standards
Financial Statements: The P & L
There are four financial statements that firms release on an annual basis. One of the most important of these financial statements is the Income Statement.
income statement • financial statements • company financial statements • understanding financial statements • business financial statements
There are four financial statements that firms release on an annual basis. One of the most important of these financial statements is the Income Statement.
income statement • financial statements • company financial statements • understanding financial statements • business financial statements
Activity-Based Costing (ABC)
Activity-based costing is a type of costing system that can be used to assign costs more accurately to products and departments in today's complex business world.
activity based costing • abc costing • costing system • types of costing • job order costing
Activity-based costing is a type of costing system that can be used to assign costs more accurately to products and departments in today's complex business world.
activity based costing • abc costing • costing system • types of costing • job order costing
CPA or Accountant for your Firm
This article illustrates the differences between a "Certified Public Accountant" (CPA) and an accountant.
what is a cpa • certified public accountant • cpa • accountant • what is a certified public accountant
This article illustrates the differences between a "Certified Public Accountant" (CPA) and an accountant.
what is a cpa • certified public accountant • cpa • accountant • what is a certified public accountant
Earn an Accounting Designation
There are a number of ways to become an accountant. A CGA, CMA or CA designation indicates professionalism and adherence to industry standards.
accounting designation • certified management accountant • chartered accountant • certified general accountant • become an accountant
There are a number of ways to become an accountant. A CGA, CMA or CA designation indicates professionalism and adherence to industry standards.
accounting designation • certified management accountant • chartered accountant • certified general accountant • become an accountant
Software to Simplify the Accounting Cycle
Following the nine steps in the accounting cycle is easier with software designed to automate the process of double entry accounting.
accounting cycle • steps in the accounting cycle • small accounting software • quickbooks accounting pro 2009 • peachtree by sage complete accounting
Following the nine steps in the accounting cycle is easier with software designed to automate the process of double entry accounting.
accounting cycle • steps in the accounting cycle • small accounting software • quickbooks accounting pro 2009 • peachtree by sage complete accounting
Crises, Calamities, and Confusion in 2004
In 2004 the world experienced its share of natural disasters, wars, famine, and reconciliation and co-operation. Now we look back at the year that was and try to extract its lessons.
events in 2004 • year-end review 2004
In 2004 the world experienced its share of natural disasters, wars, famine, and reconciliation and co-operation. Now we look back at the year that was and try to extract its lessons.
events in 2004 • year-end review 2004
Spotting Earnings Management
Earnings Management occurs when managers manipulate financial statements to make what they wished have happened from what actually happened.
earnings management • window dressing • deceptive accounting • earning per share • stock fraud
Earnings Management occurs when managers manipulate financial statements to make what they wished have happened from what actually happened.
earnings management • window dressing • deceptive accounting • earning per share • stock fraud
Top 3 User-Rated Free Accounting Downloads
Free accounting software downloads are an affordable, reliable option for new or small businesses to record transactions, create reports, track inventory and more.
free accounting software download • microsoft accounting express 2009 • quickbooks simple start free 2009 • nolapro free web accounting 4.0.4483 • affordable accounting software
Free accounting software downloads are an affordable, reliable option for new or small businesses to record transactions, create reports, track inventory and more.
free accounting software download • microsoft accounting express 2009 • quickbooks simple start free 2009 • nolapro free web accounting 4.0.4483 • affordable accounting software
What Is the AICPA?
The American Institute of Certified Public Accountants is an accounting organization dedicated to the enhancement of the accounting profession.
aicpa • american institute of certified public accountants • cpa • accounting organizations • types of accounting organizations
The American Institute of Certified Public Accountants is an accounting organization dedicated to the enhancement of the accounting profession.
aicpa • american institute of certified public accountants • cpa • accounting organizations • types of accounting organizations
3 Online Business Accounting Software Options
Use web-based accounting software to access small business financial data online from anywhere in the world.
online business accounting • xero • clarity accounting • quickbooks online • web-based accounting
Use web-based accounting software to access small business financial data online from anywhere in the world.
online business accounting • xero • clarity accounting • quickbooks online • web-based accounting
7 Important Rules in Double Entry Accounting
Double entry accounting requires that each transaction is properly recorded in two accounts. The sum of all credits must equal the sum of all debits.
mistakes in double entry accounting • accounting quick reference • debit and credit • recording accounting transactions • accounting knowledge
Double entry accounting requires that each transaction is properly recorded in two accounts. The sum of all credits must equal the sum of all debits.
mistakes in double entry accounting • accounting quick reference • debit and credit • recording accounting transactions • accounting knowledge
Online Accounting Degree Programs
Online accounting degree programs are a good choice for those returning to school after a lay-off, to upgrade skills, or to gain valuable business and finance knowledge.
online accounting degree programs • online accounting classes • accounting schools online • student support in online learning • how online accounting classes work
Online accounting degree programs are a good choice for those returning to school after a lay-off, to upgrade skills, or to gain valuable business and finance knowledge.
online accounting degree programs • online accounting classes • accounting schools online • student support in online learning • how online accounting classes work
Depreciation of Fixed Assets
Fixed assets are items that a company purchases for long-term use in their business. Equipment, furniture, machinery, and tools are all examples of tangible fixed assets.
depreciation of fixed assets • straight line method • units-of-production method • double declining balance method • depreciation methods
Fixed assets are items that a company purchases for long-term use in their business. Equipment, furniture, machinery, and tools are all examples of tangible fixed assets.
depreciation of fixed assets • straight line method • units-of-production method • double declining balance method • depreciation methods
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