Revenue recognition is the conditions under which an organization can recognize a sale transaction as revenue. This is a five-step process.| AccountingTools
An other comprehensive basis of accounting (OCBOA) is a non-GAAP accounting framework that is used to generate financial statements.| AccountingTools
The GAAP hierarchy defines the level of authority of different accounting pronouncements. When researching an issue, start at the top of the hierarchy.| AccountingTools
An accounting interpretation is a document that is intended to clarify the uses to which an accounting standard can be put.| AccountingTools