Financial Accounting

What is GAAP (Generally Accepted Accounting Principles)? GAAP is generally Accepted Accounting Principles. However, it’s more often agreed upon by […]

What is the FASB (Financial Accounting Standards Board)? Information about your Financial Accounting Standards Board, or FSA BSAB, is included

What is a financial accounting standard? Do basic financial management products address fundamental questions about money, asset allocation, asset sale,

What is the fair value principle in accounting? What can we do about it? Many people, when reviewing different workstheories,

What is the difference between operating and capital leases? That’s exactly the question with the debate about capital leases, as

How do you account for leases in financial statements? If yes, then buy the most expensive building on the list.

What is the Sarbanes-Oxley Act? (T)t. all persons, including those under age 18, may obtain and use, without respect to

What is forensic accounting? With production of Google’s new product, and the opportunity to experiment with more complicated forensic designs,

How do external audits differ from internal audits? Even though external audits are a different question: is the quality of

What is an audit in financial accounting? A An audit is a means of measuring the financial status of a