Snyder
AUGUST 10, 2022
” COGS is also an accounting term under U.S. Generally Accepted Accounting Principles (GAAP) that requires businesses to apply certain inventory costing principles. Cost of goods sold is sometimes called “ cost of sales.”
inDinero Accounting
JUNE 24, 2021
If a business owner doesn’t understand an accounting term , we don’t use another accounting term to explain it. We specialize in accountants who speak business to business owners and CEOs. Sometimes there’s just no avoiding accounting speak. GAAP is short for generally accepted accounting principles.
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