Simpler financial reporting for private companies

Originally published in Seattle Business Magazine, this article explains the efforts to streamline how private companies report their financial position.

Private companies soon may get relief from preparing financial statements based on Generally Accepted Accounting Principles (GAAP), which contain complicated measurements and onerous disclosures. Additionally, users of those statements may finally get just the information they need without having to comb through the statements to find what they are looking for.  Click here to access the article.