The Financial Accounting Foundation’s board of trustees is changing the process for doing post-implementation reviews of the effectiveness of accounting standards, shifting the leadership of the ...

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Busy business owners need automation to review the financial picture, not generate the data. Creating effective processes can generate efficiencies, streamline procedures, provide better reporting, ...

Last year, the Financial Accounting Standards Board (FASB) provided private companies with an extra year to adopt lease accounting standard ASC 842. When this was announced, 63.8% of surveyed private ...

Robotic process automation is playing a larger role at companies, including in the accounting and finance area, but many executives feel more needs to be done, according to a new report. The report, ...

Drilled into the head of every accounting student are the generally accepted accounting principles, or GAAP, that govern the process of accounting. These principles form the foundation on which ...

Accounting provides a means for recording and conveying economic data for compliance and decision-making purposes according to AccountingVerse. The three components of accounting systems are ...

Over the last few years, technology has transformed how we manage different aspects of business operations and accounting is no exception Machine Learning and AI, the fast-evolving technologies, ...

Generative AI is revolutionizing accounting, shifting it from a manual process to a technology-driven discipline focused on ...

For the past five years, the team at Traction Ag has been working to put all of a farmer’s accounting records in one place as easily as possible. And this past week, they unveiled the next level of ...

The Delaware Court of Chancery rejected a purchaser's efforts to prevent a seller from adopting a method of calculating the post-closing purchase price adjustment that was inconsistent with the seller ...