How to Report Contingent Liabilities Under GAAP Guidelines

Learn to report contingent liabilities under GAAP. Understand probability categories—probable, possible, remote—and how to ...
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 ...

Auditing Evidence: Essential Characteristics and Real-World Examples

Discover auditing evidence that ensures financial accuracy and compliance. Explore key characteristics and examples crucial ...
Houston Chronicle

IFRS Vs. GAAP Revenue Recognition

Two accounting boards are working toward a common set of procedures for recognizing revenue. The international financial reporting standards, or IFRS, are the International Accounting Standards ...
Houston Chronicle

The Difference Between Statutory Expense Ratio & GAAP Expense Ratio

Statutory expenses derive from statutory accounting, a system of accounting used by the insurance industry in the United States. Most consider statutory accounting more conservative than accounting ...
AOL

What Are Generally Accepted Accounting Principles (GAAP)?

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 ...