The concept of materiality was defined more precisely for federal government entities in an accounting standard issued Monday by the Federal Accounting Standards Advisory Board. The guidance is ...

The conceptual framework is a series of Statements of Financial Accounting Concepts (SFACs), taken as a whole, set the objectives, characteristics and other concepts that determine how financial ...

A business that uses the accrual basis of accounting recognizes revenue and expenses in the accounting period in which they are earned or incurred, regardless of when payment occurs. This differs from ...

Money rules the world. From Fortune 500 companies to the dollar bills in your wallet, money is what makes the world go round. Although many people lack a basic understanding of money. That’s why we ...

Forbes contributors publish independent expert analyses and insights. I cover logistics and supply chain management. I’ve been covering supply chain management for twenty years. Last year, I spent 20 ...

SEC officials provided some clarity Tuesday on what constitutes “individually tailored” accounting, which is a fairly new concept in non-GAAP reporting that the commission views as a rules violation.

The University of Cape Town (UCT) College of Accounting has collaborated with Fasset (Finance and Accounting Services Sector Education and Training Authority) and GetSmarter to launch ...

This handbook focuses on household sector accounts and their possible extensions as described in the System of National Accounts 1993. It describes the experiences of countries with regard to ...