Cash-basis accounting is a primary method that small businesses use to keep track of their income and expenses. Typically, if a small business has annual sales of less than $5 million, it may choose ...

Investors rely on the accuracy and honesty of financial statements prepared by corporations to help them make investment choices. Unfortunately, company officials don't always play by the rules.

The Financial Accounting Standards Board published an accounting standards update Wednesday with optional guidance on the measurement of credit losses for accounts receivable and contract assets. The ...

Now that the various classifications of revenue have been defined, it is important to identify what is revenue. Identifying what qualifies as revenue is critical not only from an accounting and ...

In a lawsuit filed Tuesday, TSG says 20th Century Studios and Disney "have tried to use nearly every trick in the Hollywood Accounting playbook" to short them hundreds of millions of dollars in ...