U.S. public companies must follow the GAAP rules in preparing their financial statements David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, ...

The Pareto Principle, or 80/20 rule, asserts that 80% of outcomes stem from 20% of causes. Introduced by Italian economist Vilfredo Pareto, who noted that 80% of Italy's land was owned by 20% of the ...

Good corporate governance can benefit employees, investors, and other stakeholders Ryan Eichler holds a B.S.B.A with a concentration in Finance from Boston University. He has held positions in, and ...

This post is in response to How Moral Principles Make Us Dumb By Jeremy E. Sherman Ph.D. Two weeks ago I said, "I never met a moral principle I could trust." One reader responded: Generalizations and ...

The accounting system is maintained and financial reports presented on a full accrual basis. Financial statements, audited by independent auditors, shall be prepared by the Controller's Office.