The proposal aims to address the current lack of guidance under US GAAP for recognising, measuring, and presenting grants.

The United Parcel Service will pay up to a $45 million penalty for improperly valuing a business unit, the U.S. Securities ...

Take a deeper look into the development and purpose of the generally accepted accounting principles, also known as GAAP, which are used for financial reporting.

The world's largest courier service, UPS, will pay $45 million in fines after settling claims one of its units misrepresented ...

non-GAAP figures reported. All public companies in the U.S. are required to use generally accepted accounting principles (GAAP). Financial statements created using these principles are filed on a ...

UPS (NYSE: UPS) has agreed to pay US$45m to settle allegations by the US Securities and Exchange Commission (SEC) that it ...

J.P. Nodier / Getty Images Generally accepted accounting principles (GAAP) require that all inventory reserves be stated and valued using either the cost or the market value method, whichever is ...

believed the Company’s had met their client obligations and recorded revenue in line with United States Generally Accepted Accounting Principles (GAAP). The company’s auditors likely used ...

UPS is paying a steep fine to the SEC for how it valued UPS Freight before it was sold to TFI. The post UPS hit with SEC fine ...

the organization that created the Generally Accepted Accounting Principles (GAAP). The main drawback of accrual accounting is that it doesn’t actually reflect the amount of cash a business ...