Accounting Foundations: Understanding the GAAP (Generally Accepted Accounting Principles)
While working in accounting or the broader financial field is often centered around numbers, dollars, and other known quantities, there can often be a lot of questions when you step back from the figures and calculations and ask the “why” of doing what you’re doing. For example, why does the income statement show the amount of net income that it shows? Or, what is the revenue recognition principle? In this course, Denise Probert explores the US GAAP, or General Applied Accounting Principles, the guiding backbone to the work of accounts in the US. Denise shows you the key things to know, where to get additional resources, and how these apply to working as an accountant or CPA.