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 ...

Revenue is a key performance indicator and considered to be of critical importance to many users of financial statements. U.S. Generally Accepted Accounting Principles (GAAP) contain multiple, ...

The White House Office of Management and Budget’s Cost Accounting Standards Board published a final rule and a proposed rule ...

Barclay Palmer is a creative executive with 10+ years of creating or managing premium programming and brands/businesses across various platforms. Andy Smith is a Certified Financial Planner (CFP®), ...

Washington, D.C. - Today, the Office of Management and Budget’s Cost Accounting Standards (CAS) Board, chaired by the Office of Federal Procurement, ...

The IRS has issued proposed regulations to adopt the simplified tax accounting rules for small businesses under the Tax Cuts and Jobs Act. The proposals adjust thresholds, clarify terms, and give ...

Accounting is vital to a business’s financial hygiene; here’s everything entrepreneurs need to know about it. Many, or all, of the products featured on this page are from our advertising partners who ...

As tort litigation and natural disaster costs increased in the United States, beginning in the early 1990s, reinsurance became more popular as a method of mitigating risks faced by insurance companies ...

Two sets of proposed Treasury regulations issued on Thursday provide new rules on how taxpayers treat income from advance payments under new book-tax conformity rules. One set of proposed regulations ...