In the world of accounting, it can be difficult for any small business owner to make her way through the alphabet of acronyms. Discussing the alphabet soup of accounting acronyms and terms such as ...

New accounting guidance issued Monday by GASB reduces from four to two the categories of authoritative GAAP in the GAAP hierarchy for state and local governments. Under GASB Statement No. 76, The ...

Public companies are required to file financial reports regularly and to craft their reports according to generally accepted accounting principles, or GAAP, as the standards are commonly known. The ...

Every year, for decades, the City of Chicago claimed to balance its budget as required by state law. Yet the City of Chicago still accumulated many billions of dollars of unfunded but real obligations ...

The Governmental Accounting Standards Board has published a new authoritative implementation guide that details comprehensive authoritative implementation guidance that has been cleared by the board ...