This article is the second installment in our three-part series, Artificial Intelligence as Intellectual Property or “AI as IP™”, which explores ...

Cleveland-based Maloney + Novotny offers financial practices to help manufacturers optimize accounting and bolster revenue ...

Accrual accounting is one of the primary accounting methods and is based on the matching principle, which dictates that revenues and their associated expenses be recorded in the same accounting period ...

Washington, D.C. – Today, the Office of Management and Budget’s Cost Accounting Standards (CAS) Board, chaired by the Office of Federal Procurement, published two proposed rules to eliminate more than ...

In the world of corporate governance and financial transparency, the term cost audit holds a vital place. While organizations regularly conduct financial audits to review profit and loss statements, a ...

This paper examines the role of cost accounting in public financial management, focusing on budget credibility, performance-based budgeting, public procurement, and corruption detection. Despite ...

Nick Chandi is the CEO of Forwardly, an award-winning B2B payment platform that helps US businesses send and receive payments faster. Why, still, won't manual accounting die? AI tools and cloud ...

Senate Republicans used their majority on Monday to set a new budgeting precedent, disregarding longstanding rules affecting which bills can be shielded from a filibuster. By Andrew Duehren Reporting ...

The recent surge in inflation has led managers to reassess the best inventory valuation methods—first-in-first-out (FIFO) or last-in-first-out (LIFO). In times of rising prices, FIFO typically results ...

The Internal Revenue Service has released Rev. Proc. 2025-23, which updates the list of automatic procedures for taxpayer-initiated requests for changes in methods of accounting. An "automatic change" ...

Learn what inventory accounting is, how it works, and key methods like FIFO, LIFO, and WAC. Includes real-world examples, tips, and best practices. I like to think of inventory accounting like ...