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

    … drive towards our goal of GAAP (generally accepted accounting principles) profitability in 2017 to ensure that Twitter continues to serve more and more people. Bain added: It has been a privilege and honor to work alongside Jack and the entire Twitter team to help build one of the world’s most unique and powerful platforms that exists today…

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

    …. The company’s generally accepted accounting principles net loss for the second quarter was $107 million, down from $137 million in the year-earlier period. Twitter reported 313 million monthly active users at the end of the second quarter of 2016, up from 310 million at the end of the first quarter and up 3 percent year-over-year. The company said…

    David Cohen/ Inside Facebookin Twitter- 23 readers -
  • LinkedIn Revenue Up 35% in Q1

    … per share. Chief financial officer Steve Sordello said in a blog post: We are off to a good start in 2016 with strength in our core and emerging businesses, and we continue to invest heavily in innovation and in our core products, while at the same time driving focus and scale to enable growth and leverage across the business. Readers: What are your thoughts on LinkedIn’s first-quarter-2016 financial results? …

    David Cohen/ AllFacebook- 13 readers -
  • A Complete Guide to Facebook’s Q3 2015 Financial Results

    …. Mobile DAUs at the end of the third quarter were 894 million, versus 844 million in the second quarter and 703 million at this time in 2014. The company posted third-quarter-2015 revenue of $4.501 billion, up nearly 41 percent from $3.203 billion in the year-ago period. GAAP (generally accepted accounting principles) net income of $896 million…

    David Cohen/ AllTwitterin Social Facebook- 33 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- 12 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- 21 readers -
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