The SEC approved three taxonomies, including the 2025 GAAP Financial Reporting Taxonomy, and FASB finalized two others.

News and in-depth features about tax, accounting, auditing, and other business topics. Published by the American Institute of CPAs ...

Accounting principles are guidelines companies must follow when recording and reporting accounting transactions. GAAP and IFRS are the two major standards used worldwide. Accounting principles are ...

Amanda Smith is a freelance journalist and writer. She reports on culture, society, human interest and technology. Her stories hold a mirror to society, reflecting both its malaise and its beauty.

Amazon is taking creative control, and the next James Bond could be imminent. Here's your guide to all the 007 movies in order, by actor and beyond. Jon Skillings is an editorial director at CNET ...

Non-GAAP financial measures should be considered supplemental to and not a substitute for financial information prepared in accordance with U.S. generally accepted accounting principles (GAAP ...

Expenses are reported as they are incurred rather than when they are paid. Many private companies use GAAP to guide their accounting but they are not required to do so. Private companies also have the ...