There are three types of financial statements under U.S. Generally Accepted Accounting Principles (GAAP).
Businesses use two types of audits to gauge financial results: internal and external. Here’s a closer look at how they measure up.
Life presents us with many choices: paper or plastic, chocolate or vanilla, regular or decaf. For businesses, a common conundrum is buy or lease.
Standard cost accounting doesn’t necessarily work for lean operations.
The accounting profession is largely self-regulated by the American Institute of Certified Public Accountants (AICPA).
Many businesses have a life cycle that, as life cycles tend to do, concludes with a period of decline and failure.
To prevent occupational fraud from cutting into your auto dealership’s profits and generating negative publicity, you need a strong internal controls system.
An independent quality of earnings (QOE) report can be a valuable tool in mergers and acquisitions.
Financial statements present a company’s financial position as of a specific date, typically the end of the year or quarter.
The Public Company Accounting Oversight Board (PCAOB) recently voted to finalize two related standards aimed at improving audits of accounting estimates and the work o