Revenue recognition is a generally accepted accounting principle (GAAP) that identifies the specific conditions where revenue ...

Generally Accepted Accounting Principles (GAAP) represent rules and practices that provide guidelines and procedures for financial data and statements.

The expense recognition principle is a concept in accounting outlining when a business should recognize its expenses. Learn how it works.

Learn how International Financial Reporting Standards (IFRS) create global accounting consistency, enabling transparent and ...

What Is the Cost Principle? Cost accounting makes it easy to track the value of large assets on your books. Here's how to use it in your small business.

Matching Principle of Accounting The matching principle of accounting keeps a transaction as a unit, meaning it accounts for all expenses associated with a specific revenue.

Compared with other accounting issues, the going concern principle doesn’t come up for discussion all that often. But there are some experts who believe that it should.

What Is the Accounting Term G&A?. G&A expenses, part of a company's operating expenses, are the general and administrative expenses of a company. Generally accepted accounting principles consider ...

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 ...

What is Management Accounting? Learn about the strategic importance of management accounting in minimizing risk and maximizing profit for organizations.

Generally Accepted Accounting Principles are a set of accounting rules for companies based in the United States. While the federal government only mandates that publicly traded companies file GAAP ...