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

The author and editors take ultimate responsibility for the content. Generally accepted accounting principles, or GAAP, is a set of accounting standards followed by most U.S. businesses ...

Nassau’s budget needs a giant dose of sunlight and accountability,” Nassau Residents for Good Government wrote. “Since the GOP-led Nassau Legislature has ...

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

A top priority for ADM's CFO and management team is to regain investor confidence by providing accurate financial statements, ...

The net loss for the year totaled $9.5 billion, compared to a net loss of $6.5 billion for the prior year, an increase of $3 ...

Santa Cruz County filed a civil lawsuit in Maricopa County Superior Court today against the State of Arizona and Lindsey A. Perry, Auditor General of the State ...

The City of Montgomery is receiving high praise for governmental accounting and financial reporting. The Certificate of ...

Linden Community Schools joins other area districts in receiving top marks on its latest financial audit. The Board of ...

The Pentagon has failed its annual financial audit for the seventh year in a row. This means the Department of Defense (DOD) has failed every single audit ...