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Generally Accepted Accounting Principles. A widely accepted set of rules, conventions, standards, and procedures for reporting financial information, as established by the Financia ... Read more

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Investing Tip

How to be a Success

by Napoleon Bonaparte

If you want to be a success in the world, promise everything and deliver nothing. ...


International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP) are the both formalized accounting and financial gui...

Capital Leases vs. Operating Leases

Many companies at some point lease an asset as an alternative to purchasing the asset out right, sounds straightforward right. Well…lease accounting can g...


Significant changes are occurring in the way account balances and transactions are accounted for. This is largely due to the slow and steady transition of U.S. ...

Why are Accounting Ethics Important?

The discussion of accounting ethics has declined in recent years as the Enron and WorldCom debacles have receded from memory. Furthermore, the perceived excesse...

Market Volatility Risk

Understanding the nature of volatility is essential. When you use options to accompany open stock positions, you eventually realize that volatility is going to ...

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