The new lease accounting standard caused lease liabilities for the average company to increase a whopping 1,475 percent, skyrocketing from $4.4 million before the transition to $68.9 million post ...

The Balance Sheet represents the financial position of the University and Business Areas at a particular point in time. The Balance Sheets are represented as Assets, Liabilities, and Equity/Fund ...

When you want to know a company’s financial health, it helps to look at its balance sheet. But if you’ve never seen a balance sheet before or don’t know how to read one, all you’ll see is a collection ...

The average liability increase is estimated to be 2.5 times higher than with the current accounting rules that go away at year’s end. A change is coming for private manufacturing companies: new ...

For February 27, my forensic accounting needle in a haystack comes from an airline that early adopted a new accounting standard related to its operating leases. Analyst Peter Apockotos found an ...

NEW YORK, July 28 (Reuters) - The Financial Accounting Standards Board, under pressure from lawmakers, will reconsider its timeline for a controversial rule change that may force banks to bring ...

A sole proprietor often withdraws money from business profits. Because he likely does not receive a regular paycheck from the business, withdrawing business funds is how he pays himself for the work ...

Tax preparers of IRS Form 1120S for a subchapter S corporation are required to do an annual calculation to reconcile the corporation's balance sheet on the tax return, Schedule L, with the net income ...