This is a huge step, but it's going to be a long journey between this memo and actually implementing it in contracts,” David ...

Financial accounting principles shape the recording of nearly every business transaction in the business world. The creation of these principles is no small task and can sometimes seem nearly ...

Diversity in accounting refers to differences in recording and using financial information; American businesses working with international corporations face challenges handling diversity when dealing ...

Generally accepted accounting principles (GAAP) can help businesses establish and maintain clear records of their financial history. While responsibility for GAAP falls on accountants, familiarity ...

J.B. Maverick is an active trader, commodity futures broker, and stock market analyst 17+ years of experience, in addition to 10+ years of experience as a finance writer and book editor. Eric's career ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, ...

The Defense Department is making moves to scrap traditional government-unique cost accounting rules in favor of the standards that commercial industries commonly use. A Sept. 14 memo from Deputy ...

SEC chairman Paul Atkins at AICPA Conference on Current SEC and PCAOB Developments The Securities and Exchange Commission is planning to encourage greater cooperation between U.S. and international ...

In a prior article, I wrote about the appeal of counting the Federal Government as a customer, because of the size of the government’s budget, as well as its creditworthiness. In that article, I ...

Presenting financial results that comply with generally accepted accounting principles, International Financial Reporting Standards and possibly even a third or fourth set of standards can be ...

The Public Company Accounting Oversight Board voted Tuesday to propose a standard on the general responsibilities of the auditor in conducting an audit, updating a group of old interim standards it ...

Drexel University's financial accounting policies and procedures follow the generally accepted accounting principles of Fund Accounting as prescribed by the National Association of College and ...