Mind The GAAP

Mind The GAAP

Generally accepted accounting principles (GAAP) are "generally accepted" for a reason. "Generally" speaking, they give the public a yardstick by which to measure performance. The problem for corporate management teams is that adhering to GAAP makes it more difficult to fudge the numbers when it comes to appeasing investors. You might say management doesn't "generally accept" these accounting principles when it means reporting numbers that don't measure up to expectations. And so, we get "pro
Subscribe or log in to read the rest of this content.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.