Accounting systems track the income and expenses of an organization or company. However, the accounting methods are modified to fit the specific accounting needs of a company. Accounting for a ...

The Financial Accounting Standards Board is planning to propose two new projects as part of its initiative to simplify accounting standards, along with two new projects for FASB’s Emerging Issues Task ...

The accounting standards setter voted to tackle transfers of crypto assets including wrapped tokens, marking the third ...

When compared to cash accounting, the accrual method provides a more accurate picture of the economic condition of a construction project. In the cash method, you book revenue when you receive it and ...

The International Financial Reporting Standards Foundation has published a set of near-final examples showing how companies can improve the reporting of uncertainties in their financial statements ...

Nothing attracts investors more than a company’s future earnings potential. But predicting growth isn’t a foolproof science. “Investors look at historical financial statements and calculate earnings ...

Anna Baluch is a freelance writer from Cleveland, Ohio. She enjoys writing about a variety of health and personal finance topics. When she's away from her laptop, she can be found working out, trying ...

According to a recent study released by the U.S. Government of Accountability Office (GAO), the Federal Highway Administration (FHWA), which provides funding and technical assistance for states’ ...