For the black-and-white reputation that accounting has, the profession allows transactions to be accounted for in many different ways. The preferred method of accounting for a transaction depends on ...

Learn about changes in accounting principles and why businesses make them, as well as the reporting and recording ...

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 ...

Discover how Statements of Financial Accounting Standards (SFAS) guide U.S. accounting principles. Learn about their impact and why they've been replaced.

Like others, we've watched a slowly developing controversy over the question of whether accounting standards should be "principles-based" or "rules-based." When Sarbanes-Oxley was passed, it required ...

The changes in revenue recognition rules by the Financial Accounting Standards Board (FASB) were seen by most in light of what it might mean to Apple earnings, as it would no longer have to delay ...

When a company or individual makes an investment, the obvious goal is for that investment to increase in value over time. However, until the investment is sold, these capital gains are unrealized-- in ...

Companies must recognise higher gratuity and leave liabilities under new labour codes as expenses in interim financial ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The introduction of the euro and the adoption of International Financial Reporting Standards (IFRS) in the EU ...

The trustees overseeing the Financial Accounting Foundation have named three new members of the Governmental Accounting ...

Taiwan is set to overhaul accounting rules to help life insurers ease the impact of foreign-exchange valuations on their ...