Guidance on current expected credit losses applies to some not-for-profit organizations. Find out when and how.

When running a business, keeping track of your finances is key. Accounting reports are the health check of your company’s ...

As the bridge between a nonprofit’s operations and its stakeholders, financial statements can be a powerful storytelling tool ...

Learn about the positive accounting theory, how it works, and how to use it when reading financial statements.

Modern accounting firms need to do more than crunch numbers; they should serve as strategic advisors. This involves offering ...

A landmark research study by GASB has provided one of the most detailed examinations to date of how state and local ...

Having last week got rather excited by the minutiae of Tesla’s accounting, it’s time to ... Working capital movements are such an example. Last year, changes in “accounts payable, accrued ...

Financial accounting is designed to provide a high ... cost-cutting measures that are not sustainable in the long run. For example, efforts to reduce labor costs or use cheaper materials could ...

Depreciation and GAAP A key example of the matching ... Companies can use the accrual accounting method or the cash method when preparing their financial statements; however, if a company is ...