Accounting involves tracking financial data and using the results to make business decisions.

Despite major efforts by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB), significant differences remain between accounting practices in the ...

The AICPA has published a set of questions and answers that explains recently released SEC staff guidance regarding the accounting for entities that have obligations to safeguard cryptoassets held for ...

Discover the differences between accrual and cash accounting methods. Learn how each affects financial statements and IRS requirements for businesses.