The Association of International Certified Professional Accountants, representing AICPA & CIMA, has released a new edition of their Global Management Accounting Principles (GMAP). The GMAP are a ...

Usefulness of the Accounting Theory. Accounting is the mathematical science of collecting, recording, and compiling financial information into formats that can communicate that information to its ...

According to Investopedia, to accrue an expense means to recognize a bill that the company will pay in a future accounting period. For example, say a company pays employees on the first of the ...

The Governmental Accounting Standards Board issued questions and answers to help explain certain pronouncements to stakeholders. The GASB periodically issues new and updated guidance to assist state ...

This course will suit you if you wish to develop a strong understanding of basic accounting principles. It is especially useful if you wish to pursue roles in accounting, auditing, consulting or ...

Under the cash accounting method, where revenues and expenses are only recorded if and when cash is actually received or paid, companies can obtain more accurate snapshots of their cash flows.

It is important to grasp and revise the fundamental accounting concepts to clear the interview. It doesn't matter whether you are fresher or experienced, you should have a strong command of the basic ...

Aging involves categorizing a company's unpaid customer invoices and credit memos by date ranges. Schedules can be customized over various time frames, although typically these reports list ...

Through in-depth analysis and actual, hands-on user testing, we determined Zoho Books to be the best accounting software for small businesses. It’s affordable, feature-filled, and easy to use.

Senate Republicans employ an unusual accounting tactic to push Trump's tax bill forward, sparking concerns over national debt and the integrity of the Senate filibuster.