Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor ... financial statements publicly should use some form of established accounting principles. Two common ones are GAAP and IFRS.

Understanding whether to capitalize or expense costs can keep your financial statements in accordance with generally accepted accounting principles (GAAP) and you out of trouble with the tax ...

Private companies are calling for their own accounting playbook. While privately held companies easily make up the majority of businesses in the U.S., they still are governed by the same set of basic ...

It should be enough to have them run an accounting software package to help them keep track of their books, make their regular tax payments, and provide reports to their lenders when needed. But of ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

WEST PALM BEACH, Fla. and NETANYA, Israel, April 27, 2011 (GLOBE NEWSWIRE) -- VocalTec Communications Ltd. (Nasdaq:CALL), the company that invented voice over IP (VoIP) and sold over seven million ...

Non-GAAP accounting is on the rise, with roughly 75% of companies reporting non-GAAP earnings and about 20% of companies reporting a non-GAAP profit despite a GAAP loss. Aggregate earnings appear to ...

WASHINGTON, DC - APRIL 27: The Internal Revenue Service headquarters building appeared to be mostly empty April 27, 2020 in the Federal Triangle section of Washington, DC. The IRS called about 10,000 ...