A new Accounting Standards Update establishes previously missing GAAP guidance related to the recognition, measurement, and ...

A Department of Education proposal does not include accounting in its list of professional degree programs, a designation ...

The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) providing official guidance ...

What Is the Difference Between the Revenue Recognition Principle and the Expense Matching Principle? Understand the uses of these two core principles. The revenue recognition principle is a ...

A deferred tax liability arises when a company's real-world tax bill is lower than what its financial statements suggest it should be due to differences between tax accounting rules and standard ...

The accounting process can differ slightly from one business to another based on variances in the chart of accounts, revenue and expense recognition, and cost center breakdown. Despite these ...

Andrew Bloomenthal has 20+ years of editorial experience as a financial journalist and as a financial services marketing writer. Khadija Khartit is a strategy, investment, and funding expert, and an ...

SAN FRANCISCO (MarketWatch) -- Comverse Technology Inc. Tuesday evening said it has found errors in revenue recognition for certain contracts as well as in the recording of certain deferred tax ...

“Currently held beliefs about how accounting fraud is typically perpetrated may be incorrect, or at the very least, incomplete,” says Erin Hamilton, an author of a research study forthcoming in The ...