Simplify GAAP Compliance with Our Essential Checklist!

Navigate GAAP Complexity

  • Objective Financial Reporting: Learn to apply the Objectivity Principle for unbiased and factual financial statements.
  • Materiality in Reporting: Embrace the Materiality Principle to focus on crucial financial details that matter to stakeholders.
  • Full Disclosure: Ensure transparency with the Full Disclosure Principle, providing comprehensive insight into your business’s financial health.
  • Historical Cost Tracking: Accurately track assets and liabilities with the Historical Cost Principle, ensuring stability in your financial reporting.
  • Revenue Recognition: Master the Revenue Recognition Principle to align your revenue with actual business activities.
  • Expense Matching: Implement the Matching Principle to accurately record expenses in the right period.

Our GAAP Checklist demystifies complex accounting standards, paving the way for your business's financial success and growth.

R&D Offer Quiz

Step 1 of 3

Answer to find out if you're eligible for R&D tax credits.

Do the activities performed relate to a new or improved business component’s function, performance, reliability, quality, or composition?(Required)
For Example: A mid-sized packaging company develops a slightly modified cardboard box design to improve its stacking strength (reliability) for warehouse storage, involving minor adjustments to the corrugation pattern to reduce collapse under standard weight loads.
Is your company trying to discover information to eliminate uncertainty concerning the capability or method for developing or improving a business component?(Required)
For Example: A furniture manufacturer investigates whether a cheaper wood adhesive can hold joints as effectively as the current one during assembly, testing bond strength to resolve doubts about its capability in standard production lines.
Do the activities performed constitute a process of experimentation?(Required)
For Example: An auto parts supplier runs a series of bench tests on different lubricant formulations to find one that reduces friction in engine bearings more effectively, systematically comparing wear rates over simulated operating cycles.