The generally accepted accounting principles (GAAP) are the standardized set of principles that public companies in the U.S. must follow. Thorough investment research re… See more

GAAP was developed by the Financial Accounting Standards Board (FASB) to standardize financial reporting and provide a uniform set of rules and formats to facilitate an… See more

There are instances in which GAAP reporting fails to accurately portray the operations of a business. Companies are allowed to display their own accounting figures, as l… See more

Investors should observe and interpret non-GAAP figures, but they must also recognize instances in which GAAP figures are more appropriate. Successful identification of misleading … See more