Learn to report contingent liabilities under GAAP. Understand probability categories—probable, possible, remote—and how to ...

GAAP, which stands for generally accepted accounting principles, is the set of accounting standards followed by most U.S. businesses, not-for-profit organizations, state/local governments, and non-U.S ...

When companies massage earnings reports to make profits look larger, do investors buy it? In some cases, they don't. That's ...