Debit-This-Credit-That Podcast
Business:Investing
Episode 26 - Demystifying GAAP: Accounting Principles Generally Accepted in the United States of America
In this episode, the Wheeler team discusses Accounting Principles Generally Accepted in the United States of America (GAAP). GAAP is a set of rules that encompass the details, complexities, and legalities of business and corporate accounting. Sound complicated? Not to fear! Matt and Michael answer their clients’ questions in this lively Q&A.
Listen in and learn how to capitalize software implementation costs, how to record commissions, how to record grants to nonprofit organizations, how the new tax law will affect deferred tax assets and liabilities, and accounting treatment for unlimited paid time off policies.
Questions answered by the Wheeler team:
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