How Should a Change in Accounting Principles Be Recorded and Reported?

Learn about changes in accounting principles and why businesses make them, as well as the reporting and recording ...

Accounting Measurement: Understand Definitions, Types, and Principles

Learn how accounting measurement quantifies economic activities, enabling better business analysis and comparison through ...
Houston Chronicle

Objectives of Accounting Principles

Financial accounting principles shape the recording of nearly every business transaction in the business world. The creation of these principles is no small task and can sometimes seem nearly ...
Houston Chronicle

Accounting Principles & General Financial Ethical Standards

Accounting and financial professionals must abide by ethical standards that regulate what kind of business they conduct, who they serve and how they use their skills. Ethical standards are determined ...
Investment U

What are Generally Accepted Accounting Principles (GAAP)?

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 ...
Hosted on MSN

Financial Accounting: What You Need to Know

Financial accounting is the process of recording and reporting your business’s income, expenses, assets and liabilities, often with the help of software. This information gives managers, owners and ...
NerdWallet

Basic Accounting Principles: What Small-Business Owners Should Know

Understanding these concepts can help you make smarter financial decisions in the long run and day to day. Many, or all, of the products featured on this page are from our advertising partners who ...
Purdue University

Benefits of Six Sigma in Finance & Accounting

The international financial environment is more interconnected than ever, with the effects of unstable or inconsistent monetary policies being felt far beyond a single organization. In today’s ...
California Lutheran University

Bachelor’s Degree in Accounting and Financial Analysis

In an increasingly data-driven business world, accountants and financial advisors are indispensable to organizational strategy and success. They are responsible for collecting and tracking key ...
NerdWallet

GAAP: What Are ‘Generally Accepted Accounting Principles’?

Knowing GAAP accounting principles will help you understand why your accountant does the things they do. Many, or all, of the products featured on this page are from our advertising partners who ...
Business.com

What Is GAAP? A Guide to Generally Accepted Accounting Principles

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 ...