General Investing
  -General information about
  getting started.
Stocks
  -How investing in the stock
  market works
Bonds
  -How bond investing works
Mutual Funds
  -How mutual funds work
Economics
  -A basic intro to the economy
Advanced Investing Topics
  -This section covers topics
   like futures and options

GAAP
Term category: Finance/Accounting
In 10 words or less:  A set of accounting principles that govern accounting practices.

Definition: GAAP, short for "Generally Accepted Accounting Principles", are a set of principles that govern domestic accounting practices.  These principles include--but certainly aren't limited--how to account for expenses and liabilities.  Companies must abide by these principles.

Advice: Companies often try to sidestep the GAAP rules in order to improve their financial statements.  This is where they often run afoul.  Enron misaccounted for many of its liabilities, which ultimately lead to its downfall.  WorldCom also capitalized costs that it should have expensed, causing it to restate its financials.  Both companies went bankrupt.

 

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