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

    …. The social network also outlined its efforts to aid live-video creators and influencers in its shareholders letter: We’re heavily committed to creators and influencers–artists, activists, athletes and writers, established or emerging. As we’ve outlined before, there are three things they need from us: reach, tools and economics. In Q2, we…

    David Cohen/ Inside Facebookin Twitter- 30 readers -
  • LinkedIn Revenue Up 35% in Q1

    … By David Cohen on May. 2, 2016 - 10:00 AM LinkedIn reported first-quarter-2016 revenue of $861 million, up 35 percent compared with the year-earlier period. The company broke out its revenue as follows: Talent Solutions: $558 million, up 41 percent year-over-year–$502 million from Hiring, up 27 percent, and $55 million from Learning…

    David Cohen/ AllFacebook- 15 readers -
  • A Complete Guide to Facebook’s Q3 2015 Financial Results

    …. WhatsApp is rapidly approaching the 1 billion MAU milestone, having topped 900 million during the third quarter. Facebook’s Messenger apps now boast more than 700 million MAUs, with more than 9.5 billion photos sent via Messenger every month. The Internet.org initiative to connect everyone in the world to the Web is now offering free basic Internet…

    David Cohen/ AllTwitterin Social Facebook- 38 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

    Facebook reported 1.32 billion monthly active users as of June 30 as part of its second-quarter financial results, up from 1.276 billion at the end of the first quarter of this year, and from 1.115 billion at the end of the year-ago period. Mobile MAUs were 1.07 billion, up slightly from 1.008 billion in the previous quarter, and up dramatically from 819 million in the second quarter of 2013.

    David Cohen/ AllFacebook- 24 readers -
Get the top posts daily into your mailbox!
3 Blogs about the topic

More from around the web