Financial Accounting Standard 133 (FAS 133), which governs accounting for derivatives, was controversial from the outset and is perhaps even more so following the accounting scandals at Fannie Mae ...

The survey indicated that firms are grappling with severe staffing shortages and recruitment challenges that threaten their ...

Learn about the benefits of cost accounting, how it differs from financial accounting, and the role it plays in businesses.

Employees are the backbone of any organization—but how much do they cost? Payroll accounting lets you keep track of the cost of each employee. This includes their salaries, wages, benefits and ...

What is Accounting Automation? Accounting has transitioned from manual methods to advanced automation, offering faster, more precise results. As automation shifts the industry, accountants may develop ...

Accounting profit is also known as the net income for a company or the bottom line. Here you will learn what profit is in accounting and how to calculate it.

As an accounting professional, you are not alone if you are wondering, “I have always done accounting for my clients. If that’s not CAS, what is?” Traditionally, client accounting services meant that ...

With accrual accounting, a business records revenue or expenses when a transaction occurs using the double-entry accounting method.

Double-entry accounting is a bookkeeping method that records two entries (one debit and one credit) for each business transaction.

Retail businesses have unique accounting challenges. Here's what to know about the retail method of accounting.