Understanding Accounting Changes: Principles, Estimates, and Impact

Discover what accounting changes are, how they affect financial statements, and why full disclosure is essential for ...
Investopedia

How Should a Change in Accounting Principles Be Recorded and Reported?

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Somer G. Anderson is CPA, doctor of ...
scmp.com

HKDSE 2019: Ace the BAFS exam by consolidating accounting principles and going over past papers carefully

The business, accounting and financial studies (BAFS) HKDSE exam is just five days away. Young Post asked top tutors Leo Lau from iCon Education and Hayson Liu from King’s Glory Education for some ...
Seeking Alpha

Generally Accepted Accounting Principles (GAAP)

Generally accepted accounting principles, known as GAAP, are a standard set of guidelines followed by US accountants and corporations. Since publicly traded companies are required to report GAAP ...
Houston Chronicle

The Difference Between Principles & Rules Based Accounting Standards

In accounting, a principles-based on approach is the most popular accounting method globally because it is usually better to adjust accounting principles to a company's transactions, rather than ...