As critics, we have been asked by others in frustration, "Is there anything in GAAP financial statements that you guys consider to be useful?" Up until now, our smug answer has always been, "Only the ...

Explore OCBOA, a flexible non-GAAP accounting framework that includes tax-basis, cash-basis, and statutory accounting, offering an easier, cost-effective alternative for financial statements.

The word "disbursement" in accounting means to send out. A cash disbursement is a payment that might be made using currency but could be made in other forms of immediate payment, such as a check, ...

Opinions expressed by Entrepreneur contributors are their own. Should small businesses use cash or accrual accounting? This question gets asked almost as much as “paper or plastic?” and “debit or ...

Whether it's a multimillion dollar company with franchises all over the world or a neighborhood lemonade stand, every business that takes in money has to do an accounting of that money. This makes the ...

F or many years, the IRS clashed over the cash method of accounting with small business taxpayers who provided services as the mainstay of their business but who were categorized as inventory ...

As a business owner or financial manager, keeping your company financially fit is a constant challenge. Effective accounting practices play a crucial role in achieving this goal, ensuring accurate ...

Accounting is undoubtedly one of the most crucial components of running a successful business. It's impossible to overlook the significance of keeping track of your finances. With a clear ...

Changes in the way derivative valuations are determined and accounted for has led to an expansion in the Treasurer’s roles and responsibilities. With ninety-four percent of the world’s largest ...