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 ...

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 ...

The National Association of State Boards of Accountancy’s board of directors voted unanimously to approve a set of proposed amendments to the Uniform Accountancy Act model rules for education, paving ...

Please note: This item is from our archives and was published in 2017. It is provided for historical reference. The content may be out of date and links may no longer function. The AICPA and National ...

US companies are scrambling to adjust to a change in accounting rules that has been more than a decade in the making. The new Accounting Standards Update (ASU), otherwise known as ASC 606, is intended ...

In the years since the 2007–10 financial crisis, US lawmakers have tightened accounting rules governing what information banks must disclose and how they must present the data. The tighter rules make ...

As a result of the financial crisis, one of the biggest changes that has been brought about in terms of accounting standards is the way that banks recognize losses on their loan portfolios. What ...

The IRS issued proposed regulations (REG-132766-18) on July 30 related to simplified tax accounting rules for small businesses and updating various tax accounting regulations to adopt the simplified ...

With 2018 now upon us, your company's board has probably already approved budgets and sales forecast for the year, hoping it will be a good one. Well, it may not be—and through no fault of your own.

CFOs are finding the scrutiny of new accounting rules is helping them streamline their lease management and save money, but there are challenges. Despite being given three full years to prepare for ...

New accounting rules are prompting some corporate finance chiefs to change how they do business. More than half of the S&P 500 companies disclosed some impact on their accounting policies since ...