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

    … Derella. Noto will remain Twitter’s CFO until a replacement is named. CEO Jack Dorsey said in a release announcing the moves: Since joining Twitter in 2010, Adam has built an amazing team and a global business from the ground up. I’m grateful to Adam for everything he’s done for Twitter, and for his leadership and friendship over the years. I…

    David Cohen/ Inside Facebookin Twitter- 16 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- 34 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- 15 readers -
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