Generally Accepted Accounting Principles

Generally accepted accounting principles (GAAP) are the standard framework of guidelines for financial accounting used in any given jurisdiction; generally known as accounting standards or standard accounting practice. These include the standards, conventions, and rules that accountants follow in recording and summarizing and in the preparation of financial statements.Many county and city governments in the United States choose to "opt out" of GAAP practices as they operate on a cash basis, as opposed to an accrual basis.
Posts about Generally Accepted Accounting Principles
  • Twitter Shuffle: COO Adam Bain Out, CFO Anthony Noto Adds COO Role

    … The revolving door at Twitter has made its way to the top levels of management, as chief operating officer Adam Bain announced that he is stepping down to “explore opportunities outside of the company.” Chief financial officer Anthony Noto (pictured) will shift into the COO role at the social network, and Twitter said Noto will keep managing its…

    David Cohen/ Inside Facebookin Twitter- 14 readers -
  • A Complete Guide to Twitter’s Q2 2016 Earnings Call

    … streaming of big events such as the Wimbledon Championships tennis tournament and the Republican and Democratic National Conventions, as well as its pacts with 120 Sports, Bloomberg TV, Campus Insiders, Major League Baseball, the National Basketball Association, the National Hockey League, Pac-12 Networks and, of course, the National Football League…

    David Cohen/ Inside Facebookin Twitter- 19 readers -
  • LinkedIn Revenue Up 35% in Q1

    … and Development. Marketing Solutions: $154 million, up 29 percent compared with the first quarter of 2015. Premium Subscriptions: A 22 percent year-over-year gain, to $149 million. LinkedIn reported adjusted earnings before interest, taxes, debt and amortization of $222 million and a generally accepted account principles net loss of $46 million, or $0.35…

    David Cohen/ AllFacebook- 12 readers -
  • A Complete Guide to Facebook’s Q3 2015 Financial Results

    … million monthly actives. More than 80 million photos are now shared on Instagram every day, and the pace of adoption among public figures, organizations and people around the world continues to grow really well. When President Barack Obama visited Alaska in September, he used Instagram to document his trip, and this is a great example of how Instagram…

    David Cohen/ AllTwitterin Social Facebook- 28 readers -
  • 3Q EARNINGS: Facebook’s Mobile Upswing Continues

    … the respective figures for overall DAUs and MAUs. Facebook reported revenue of $3.2 billion for the quarter, up 59 percent from $2.02 billion in the year-earlier period. Advertising accounted for the bulk of the company’s revenue, $2.96 billion, and that figure was up 64 percent from the third quarter of 2013. GAAP (generally accepted accounting principles…

    David Cohen/ AllFacebookin Social Mobile Facebook- 9 readers -
  • 2Q EARNINGS: Facebook Has 1.32B MAUs, 1.07B Mobile MAUs, 399M Mobile-Only MAUs

    … accepted accounting principles) net income of $791 million in the second quarter of 2014, or $0.30 per share, up 138 percent from $333 million ($0.13) in the same period in 2013. Non-GAAP net income was $1.09 billion ($0.42), up 124 percent from $488 million ($0.19) in the prior-year period. We had a good second quarter. Our community has continued to grow, and we see a lot of opportunity ahead as we connect the rest of the world. Readers: Did any of Facebook's second-quarter-2014 results surprise you? …

    David Cohen/ AllFacebookin Social- 18 readers -
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