Discover the key differences in inventory accounting between GAAP and IFRS, including valuation methods, write-down reversals, and costing formulas.

NEW YORK--(BUSINESS WIRE)--The XBRL US Data Quality Committee (DQC) has published its 18th Rule Set for a 45-day public review and comment period, which closes on May 30, 2022. The freely available ...

In Washington today, top officials of the EU Commission and the Securities & Exchange Commission (SEC) reached agreement on a roadmap towards equivalence between International Financial Reporting ...

Discover how the Accounting Principles Board (APB) set foundational accounting standards and influenced today's GAAP under the FASB in the financial reporting world.

Generally Accepted Accounting Principles, often known by the acronym GAAP, is a set of accounting rules created to govern ...