SAP vs. GAAP: Income Statement Overview

Which is more important, a company’s current assets and liabilities or how it has been operating? The answer is: it depends on who is asking. Every industry has a given set of principles that define how financial transactions should be accounted for in financial statements. The Generally Accepted Accounting Principles (GAAP) framework is designed for multiple users and highlights financial performance over time…

Press 1 for SAP, 2 for GAAP – Financial Statement Reporting

Learning a new language can be an intense process. There’s often confusion on which words to use, how to pronounce them and in what situations it’s appropriate to use which words. Just try going to a restaurant with a foreign language menu and it’s clear how challenging the experience can be…