The Financial Accounting Standards Board has released guidance aimed at clarifying the official definition of a “business” for purposes of the accounting rules. The new accounting standards update ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Accounting for turnover is often a useful practice in small-business management. Turnover is simplistic, but it provides a straight-forward way of assessing the efficiency of a business.

Business bookkeeping gets very complex, with divisions and subsidiaries requiring their own set of accounts. When the business accounting records are established, every account is titled and assigned ...

Accounting leaders need to understand how this next phase of AI is reshaping the way firms operate, grow and deliver value.

The right accounting package should (1) give you the information you need for management, tax estimation and tax preparation, and (2) enable you to easily input the figures. Management needs are ...

Two words usually come to mind when we consider the timing of income recognition. They are "risk" and "reward". Traditionally, the revenue of a contractor can be recognised once the risk and reward ...

Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and proofreader with more than fourteen years of experience working with print and online publications. Oracle applications ...

The American Accounting Association is calling on the Department of Education to reverse course after proposing to remove ...