GAAP

In today’s rapidly changing business landscape, having a well-defined set of accounting policies and procedures is crucial for organizations of all sizes. An accounting policies and procedures manual serves as a roadmap for the accounting internal control of your financial operations, ensuring consistency, accuracy, and compliance. In this article, we will delve into the key […]

Professional rules of accounting are essential for ensuring the accuracy and reliability of financial reports. They are a set of guidelines that accountants must adhere to when preparing financial statements, which are the primary source of financial information for decision makers. What are the professional rules of accounting?

The compilation and presentation of financial statements are governed by a set of rules known as Generally Accepted Accounting Principles (GAAP) in the accounting industry. Although firms are not obligated by law to adopt GAAP, the subject of whether accounting policies should do so frequently arises. Must Accounting Policies Follow GAAP?

What is the difference between Financial Reports, Audits, and Reviews?

Are you curious about pursuing an education in accounting? The field of accountancy has many benefits and can be a very rewarding experience for people who are interested in finance and business.  Why accounting is a great major?

Accounting methods and accounting standards are typically defined within your accounting manual, which also defines your policies, procedures, and internal controls for Sarbanes Oxley and other compliance needs.

Are there concerns that the GAAP to IFRS transition may not go well?