Financial reporting, in the form of balance sheets, profit and loss statements, financial notes, and disclosures, is an essential means of communicating information about the financial condition of a company or other organization. Generally Accepted Accounting Principles (GAAP), in turn, are the guidelines that help accountants with that communication. This site, from the Financial Accounting Foundation (FAF), helps readers understand the ins and outs of GAAP. Readers not familiar with the field may like to begin with About GAAP, before moving on to tabs dedicated to GAAP & Private Companies and GAAP & Not-For-Profits. Other interesting sections include GAAP & Public Companies, GAAP & State and Local Governments, and Simplifying and Improving GAAP. There is also a section dedicated to videos that explain basic GAAP principles.