LONDON, ENGLAND - OCTOBER 17: (L-R) Ben Affleck and Anna Kendrick attends the UK Premiere of "The Accountant" at Cineworld Leicester Square on October 17, 2016 in London, England. (Photo by David M.

The coronavirus pandemic has led to numerous financial reporting challenges for CPAs that didn’t seem to have easy answers in U.S. GAAP. Although the foundational rules for U.S. financial reporting ...

The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by incorporating additional components such as revenues, expenses and withdrawals.

Accounting combines three things many people enjoy: problem-solving, money, and working with people. And thanks to the use of data analytics in accounting, these parts of the job are more exciting, ...

AI won’t replace accountants—but accountants who use AI will replace those who don’t. The world keeps evolving. From how we interact to how we do business, nearly every sector has felt the impact of ...

Many businesses prefer to get a deposit for work they are going to do for a customer. This is a popular practice in construction or in any area in which a product must be crafted or in which an actual ...

An accounting system is an important part of a business. Without a definitive system in place, a business cannot keep track of what it owns, to whom it owes money and any outstanding accounts from its ...

Learn how to integrate your payroll and accounting software. Use this guide to help you streamline financial workflows, reduce errors, save time and resources. Combining payroll and accounting ...

Accounting profit, calculated as revenue minus all costs, directly impacts stock prices. Economic profit includes opportunity cost, providing deeper insight into resource utilization. Cash flow, often ...