The Certified Management Accountant (CMA) USA curriculum, administered by the Institute of Management Accountants (IMA), includes coverage of U.S. Generally Accepted Accounting Principles (U.S. GAAP) to the extent relevant for management accounting and financial decision-making. However, it does not cover U.S. GAAP comprehensively, as the CMA focuses on management accounting, financial analysis, strategic planning, and […]

In the dynamic world of accounting and finance, mastering the principles and standards that govern financial reporting is crucial for professionals and businesses alike. Among the most widely used accounting frameworks is the United States Generally Accepted Accounting Principles (US GAAP). For accountants, financial analysts, and business leaders, understanding US GAAP is not just a […]

It is well known that country-wise variations exist in accounting standards and financial reporting in the finance and accounting domain. In the USA the Financial Accounting Standard Board(FASB) assembled the prevalent practices and norms practised there in the shape of Generally Accepted Accounting Principles (GAAP) which indicates commonly accepted measures, principles and benchmarks upon compilation […]