Remove Accruals Remove Cost Accounting Remove Financial Reporting
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Common Accounting Mistakes: Government Edition - Issue #11 What is GAAP?

SMB Accounting and Consulting

Many small business government contractors are exempt from complying with cost accounting standards (CAS) and defined by the code of federal regulations (CFR). However, compliance with generally accepted accounting principles (GAAP) is required. These should be integrated in any federal contractors accounting policies.

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Types of accounting

Accounting Tools

Financial accounting requires detailed knowledge of the accounting framework used by the reader of a company's financial statements , such as Generally Accepted Accounting Principles ( GAAP ) or International Financial Reporting Standards ( IFRS ). This career tends to attract auditors.