Accounting systems track the income and expenses of an organization or company. However, the accounting methods are modified to fit the specific accounting needs of a company. Accounting for a ...

The term “project accounting” sounds simple enough. It’s essentially the practice of accounting on the basis of individual projects. In practice, though, it’s so much more. If you do it correctly—and ...

The International Accounting Standards Board discussed adding new projects to its agenda, along with ongoing work on the equity method and intangible assets.

When compared to cash accounting, the accrual method provides a more accurate picture of the economic condition of a construction project. In the cash method, you book revenue when you receive it and ...

Nothing attracts investors more than a company’s future earnings potential. But predicting growth isn’t a foolproof science. “Investors look at historical financial statements and calculate earnings ...

The accounting standards setter voted to tackle transfers of crypto assets including wrapped tokens, marking the third ...

The International Financial Reporting Standards Foundation has published a set of near-final examples showing how companies can improve the reporting of uncertainties in their financial statements ...

The Financial Accounting Standards Board in 2023 wants to get closer to finalizing key rules, ranging from companies sharing more details on cryptocurrency holdings to breaking out certain expenses on ...