But the question of how, and when, profits are recognized for tax purposes is driven heavily by the application of ...

Companies must follow all specific rules and regulations with regularity. The accounting principles work together, so any deviation from reporting requirements on one part of a company's financial ...

documents how companies should treat changes in accounting principles and changes in accounting estimates, two related but different concepts. A principle determines how information should be ...

Enhance your knowledge of accounting principles and practices with an Accounting Certificate ... learn the steps of the accounting cycle and how to prepare financial statements in accordance with ...

Generally accepted accounting principles (GAAP) require that all inventory reserves be stated and valued using either the ...

The Public Company Accounting Oversight Board settled a disciplinary order sanctioning JTC Fair Song CPA Firm for repeatedly ...

Investors and lenders rely on financial accounting to obtain critical information about businesses' financial solvency and the risks they face. The most important benefit of financial accounting ...

non-GAAP figures reported. All public companies in the U.S. are required to use generally accepted accounting principles (GAAP). Financial statements created using these principles are filed on a ...

Compliance with the standards update “isn’t going to be cheap” for many firms, but the FASB has taken steps to reduce the ...

The International Auditing and Assurance Standards Board is preparing for the adoption of its International Standard on ...