The U.S. Bureau of Labor Statistics (BLS) projects business and financial occupations, which include many accounting roles, to grow at a faster-than-average rate from 2022 to 2032.

3. GAAP Generally accepted accounting principles (GAAP) are a common set of accounting principles that companies use to put together their financial statements.

The concept of materiality was defined more precisely for federal government entities in an accounting standard issued Monday by the Federal Accounting Standards Advisory Board. The guidance is ...

While finance and accounting can seem daunting to those without a financial background, you don’t need to dive too deep into those fields as an early-stage startup founder. Knowing these ...

The Financial Accounting Standards Board released a new chapter of its Conceptual Framework on the measurement of items recognized in financial statements, while also drawing that long-running project ...

A basic objective of financial reporting and the creation of accounting principles is to help potential creditors and investors make investment and credit decisions. By having a standard set of ...

Statement of Federal Financial Accounting Concepts 8, Federal Financial Reporting, discusses the role of financial statements and required supplementary information and their relationship to other ...

The Financial Accounting Standards Board is proposing a new chapter in its conceptual framework discussing the recognition and derecognition of an item in financial statements. FASB's conceptual ...

Learn how the Financial Accounting Standards Board, or FASB, treats the recognition, estimation, and disclosure of contingent liabilities under GAAP.