Discover how accounts payable function as short-term liabilities, not expenses, and learn how they impact a company's ...

Learn how to analyze a company's balance sheet, including assets, liabilities, and equity, for smarter investment decisions.

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

At first glance, accounting judgments may appropriately be viewed as routine accounting practices done in the normal course of business: estimates required due to business uncertainty, and assumptions ...

The Financial Accounting Standards Board has decided to tweak some of its standards related to contract assets and liabilities for construction contractors in response to recommendations from its ...

This is Part 3 of a three-part series discussing the basic components of a professional liability lawsuit brought against an accounting firm and its partners and factors a firm’s managing partner ...

Financial statement preparers would receive specific guidance on when to apply modification accounting under a new FASB proposal. Proposed Accounting Standards Update, Compensation—Stock Compensation ...

Many small businesses incorporate to shield their personal assets from any obligations or liabilities arising from their businesses' activities. Corporations, as distinctly separate legal entities ...

Balance Sheet Liabilities Continue to Climb for Private Companies Amid Lease Accounting Transition – New LeaseQuery Report Lease liabilities rose 419% on average, with 10 industries seeing bigger ...