Over the last several days we have been developing some important themes that will help investors in 2008. Thursday's events provided strong support about each of the following ideas: We shall ...

While bookkeeping and accounting are both essential business functions, there is an important distinction. Bookkeeping is responsible for the recording of financial transactions. Accounting is ...

In today's rapidly evolving financial landscape, artificial intelligence has firmly established itself as more than just a buzzword—it has become the backbone of modern accounting practices. This ...

Discover what auditing evidence is and learn its characteristics. See examples of how auditing evidence ensures financial ...

Whether to deduct an expense in full or capitalize and amortize it is sometimes a difficult decision for owners of small businesses. Your accounting treatment of a major purchase can sometimes make ...

It's crucial to understand the significant impact businesses have on the environment — and accounting for carbon emissions is a fundamental step in this process. Reporting carbon emissions is ...

Learn what an onerous contract is, regulations for reporting them, and examples. Explore how IFRS and GAAP differ in handling these unfavorable contracts.

The thought of cracking open an accounting book makes most people sleepy. However, a recent offering on the history of accounting holds promise as an enjoyable read. Jacob Soll’s “The Reckoning: ...

We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. This article has ...