Learn about changes in accounting principles and why businesses make them, as well as the reporting and recording ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Nonprofit managers — especially those with no formal financial training — may need to do extra homework in matters of accounting and finance to keep up with the growing demand for sophisticated ...

When a public company issues a financial statement, everything needs to be clear and well-understood by everyone reading it. To ensure this, it’s paramount to have a baseline for reporting. That’s ...

In accounting, a principles-based on approach is the most popular accounting method globally because it is usually better to adjust accounting principles to a company's transactions, rather than ...