What are Generally Accepted Accounting Principles (GAAP)?

Antonio G Ginting

When a public company issues a financial statement, everything needs to be clear and well-understood by everyone reading it. To ensure this, it’s paramount to have a baseline for reporting. That’s where Generally Accepted Accounting Principles (GAAP) come in. GAAP represents methods, rules and practices that provide guidelines and procedures—as […]

The Blind Spot: How ESG Matters Can Affect Current Accounting and Financial Reporting

Antonio G Ginting

© Igor Borisenko/iStock/Getty Images Plus The Financial Accounting Standards Board (FASB) and Securities Exchange Commission (SEC)  have been providing guidance, making statements and delivering speeches about accounting and financial reporting considerations for environmental, social and governance (ESG) matters since the beginning of spring to address growing interest and concerns from […]

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