Business, Management and Accounting
4 years ago

Understanding GAAP Rules Crucial for Financial Stability and Transparency.

2 views
SSRN Electronic Journal
Is There a Gap in Your Knowledge of GAAP
Stephen R. Moehrle, Jennifer A. Reynolds-Moehrle, Wilbur L. Tomlinson

Paper Summary

Understanding accounting rules is crucial for interpreting financial information. Generally accepted accounting principles (GAAP) come from various sources, with a hierarchy that guides their application. Analysts and users of financial statements can access these rules in electronic and printed formats to ensure accurate interpretation of financial data.

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