Audit and tax firms have long understood that the traditional services for which they are being engaged (e.g., conducting an ...

A company's long-term liabilities, such as bonds payable and finance leases, arise from its future cash flow obligations.

Many corporate executives continually question and analyze their business practices to achieve their goals more effectively ...

Others disagree. For some, data is something that is either loaned temporarily to accountants so that they may use it to create something of value for its owner, like a liability. Still others believe ...

One of the most challenging issues facing leaders in the public accounting profession is the high rate of employee turnover. A recent survey finds that turnover in large CPA firms (those with revenues ...

The Origins of Forensic Accounting The world of forensic accounting has been developing for the past 70 years. Some credit the beginning of the understanding of fraud as a subject of scientific study ...

The accounting academic and practitioner communities are closely intertwined, making the developments in one discipline of paramount importance to the other. As such, all CPAs should be aware of the ...

“Our Greatest Hits” is an effort to show our readers the most popular – and still avidly read – articles from our archives. This article originally appeared in our May 1993 Issue. Abstract – Community ...

Percentage test. The plan must benefit 70% or more of all employees or, 80% or more of all employees who are eligible to benefit under the plan (provided 70% or more of all employees are eligible to ...

In Brief The debate over how well the accounting curriculum in the United States serves the needs of both students and practitioners continues unabated. A key focus remains on how well students are ...

Exhibit 3 summarizes the reporting behavior of the S&P 100 companies over the period of study. One immediate observation is that the percentage of companies disclosing non-GAAP earnings appears to ...

In Brief Any family business, however successful, will reach a day when ownership must change hands. A plan of succession for ownership of business interests ensures that the business will continue to ...