Accounting dates and periods work together to create timelines for business financial reporting. A company's finance professionals use accounting periods to determine the set of consecutive months to ...

Explore depletion in accounting, covering key factors and methods for allocating the cost of extracting natural resources ...

In early May, several pronouncements were issued by the Internal Revenue Service in connection with changes in accounting periods. The guidance reflects the continuing effort by the IRS to identify ...

Accrual accounting is one of the primary accounting methods and is based on the matching principle, which dictates that revenues and their associated expenses be recorded in the same accounting period ...

Companies have always faced a major issue of how to reflect changes in accounting methods and error corrections in financial statements. In 2005 FASB issued Statement ...

View post: Amazon is selling a $400 short-throw projector for $190, and it's a show-stopping gift If you are an entrepreneur or small business owner, it is a good idea to familiarize yourself with ...

The IRS allows you to calculate your tax bill using one of two tax accounting methods. The more common of the two methods for individual taxpayers is the cash method. However, most businesses prepare ...

Learn how income smoothing can stabilize earnings, comply with GAAP, and attract investors. Understand its legality and strategic benefits for businesses.

Many small business owners question which accounting method should they use in their small business. The IRS doesn't require all businesses to use a prescribed method, but it does require businesses ...

Brette Sember is a retired attorney who has been writing and editing law and legal topics for more than 25 years. She is the author of more than 40 books, is a nationally recognized expert on divorce ...

Retail businesses have unique accounting challenges. Here's a guide that will get you through the basics. Many, or all, of the products featured on this page are from our advertising partners who ...