For the black-and-white reputation that accounting has, the profession allows transactions to be accounted for in many different ways. The preferred method of accounting for a transaction depends on ...

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Accounting is a powerful word. Investorwords.com defines it as "The systematic recording, reporting and analysis of (the) financial transactions of a business." The two organizations that regulate ...

Learn the essential components and how-to of an accounting manual, a vital resource containing your business's accounting policies, procedures, and guidelines.

Discover how Statements of Financial Accounting Standards (SFAS) guide U.S. accounting principles. Learn about their impact and why they've been replaced.

Like others, we've watched a slowly developing controversy over the question of whether accounting standards should be "principles-based" or "rules-based." When Sarbanes-Oxley was passed, it required ...

The changes in revenue recognition rules by the Financial Accounting Standards Board (FASB) were seen by most in light of what it might mean to Apple earnings, as it would no longer have to delay ...

New accounting rules published Tuesday by FASB establish whether and at what threshold an acquired business or not-for-profit organization can apply pushdown accounting. Pushdown accounting occurs in ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The introduction of the euro and the adoption of International Financial Reporting Standards (IFRS) in the EU ...

Burn, baby, burn. That's a beautiful thing.” These words came from an Enron energy trader, caught on tape during the ...

FASB to weigh whether some stablecoins and other digital assets qualify as cash equivalents, as it also decides which of over ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. As a result of Covid-19 and the changing landscape related to leases, private companies have ...