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 ...

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 ...

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

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 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 ...

Not all accounting systems operate the same way. While most accounting systems capture basic income and expense data, whether manual or computerized, the system used varies by the type of business.

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

MicroStrategy MSTR, the publicly traded software company best known for its bet on Bitcoin BTC/USD, said Monday that it supported a proposal from the Financial Accounting Services Board that would let ...