If you run a small business, you may not know much about the Generally Accepted Accounting Principles (GAAP ... GAAP standards apply to corporate, nonprofit and government accounting practices alike.

Generally accepted accounting principles (GAAP) is a technical accounting term that encompasses the conventions, rules and procedures necessary to define accepted accounting practice at a particular ...

Accrual accounting is the preferred approach for companies reporting their financial statements under generally accepted accounting practices (GAAP), which are issued through the standards of the ...