Businesses both large and small, public and private, for profit and nonprofit, are driven by numbers. Whether it's tracking sales, managing inventory or making payroll, smart managers know that ...

An accounting audit performs a necessary function of assuring that a company not only is being truthful in its financial reporting but also that the company's operations are working as intended.

All companies are required to complete some level of accounting; however, not all companies require the same level of detail or sophistication. We tend to see businesses use the terms bookkeeper, ...

Shortly after we had started our consulting firm, Whitestone Partners, we began an engagement with a home healthcare business. As we do in almost all of our engagements, we asked to see the company's ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Every CFO knows the faster their finance team can close the books and deliver real-time ...

This article was written by Gregory van Droogenbroeck, CFA and Scott J. L. Coulter, CFA, CPA, CA for World Accounting Report. The International Financial Reporting Standard 9, or IFRS 9, represents ...

Financial Accounting Foundation president and CEO Terri Polley explained to Accounting Today some of the thinking behind the new Private Company Council that the FAF Board of Trustees voted to create ...

Discover what an allowance for credit losses means and how it's used in accounting to estimate uncollectible debts, enhancing financial statement accuracy.

CPA at Centaur Digital Corp, helping busy business owners decrease the amount of time and energy needed to manage their accounting system. There are various departments and functions within any ...

In today's rapidly evolving financial landscape, artificial intelligence has firmly established itself as more than just a buzzword—it has become the backbone of modern accounting practices. This ...

Following FASB’s issuance of Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), in 2016, GASB issued Statement No. 87, Leases, in June 2017, to become effective for reporting periods ...