Accounting Today

NOVEMBER 13, 2024

The Financial Accounting Standards Board issued a proposed accounting standards update that aims to improve the navigability of the disclosures that need to be provided for interim reporting periods.

Financial Accounting 297

Financial Accounting Accounting Accounting Financial Reporting 297

Accounting Today

AUGUST 30, 2023

The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.

Tax 350

Tax Financial Accounting Accounting Accounting 350

Accounting Today

OCTOBER 10, 2023

The Financial Accounting Standards Board is incorporating some of the Securities and Exchange Commission's disclosure requirements into its Accounting Standards Codification.

Financial Accounting 316

Financial Accounting Accounting Accounting Financial Reporting 316

Accounting Today

AUGUST 30, 2023

The Financial Accounting Standards Board released another chapter of its conceptual framework related to the recognition and derecognition of an item in financial statements.

Financial Statements 316

Financial Statements Financial Accounting Accounting Accounting 316

Accounting Today

DECEMBER 28, 2023

The Financial Accounting Standards Board has decided not to add several projects to its technical agenda, including one on commodities, despite requests.

Financial Accounting 312

Financial Accounting Accounting Accounting Financial Reporting 312

Accounting Today

JULY 12, 2024

The Financial Accounting Standards Board released a new chapter of its Conceptual Framework on the measurement of items recognized in financial statements, while also drawing that project to a close.

Financial Statements 312

Financial Statements Financial Accounting Accounting Accounting 312

Accounting Today

DECEMBER 19, 2024

The Financial Accounting Standards Board issued an invitation to comment on whether to pursue a project on accounting for intangible assets.

Accounting 180

Accounting Accounting Financial Accounting Financial Reporting 180

Accounting Tools

OCTOBER 27, 2023

Related Courses Accountants’ Guidebook Cost Accounting Fundamentals There are a number of differences between cost accounting and financial accounting , which are noted below. Cost accounting involves the preparation of a broad range of reports that management needs to run a business.

Cost Accounting 75

Cost Accounting Financial Accounting Accounting Accounting 75

Accounting Today

JANUARY 6, 2025

The Financial Accounting Standards Board released an update to clarify the interim effective date of its standard on disaggregation of income statement expenses for non-calendar year-end companies.

Financial Accounting 264

Financial Accounting Accounting Accounting Financial Reporting 264

Accounting Today

APRIL 30, 2025

The Financial Accounting Standards Board issued a proposed accounting standards update on debt exchange transactions involving multiple creditors.

Financial Accounting 207

Financial Accounting Accounting Accounting Financial Reporting 207

Accounting Today

DECEMBER 27, 2024

The Financial Accounting Standards Board has posted the 2025 GAAP Financial Reporting Taxonomy, SEC Reporting Taxonomy and GAAP Employee Benefit Plan Taxonomy.

Financial Reporting 130

Financial Reporting Financial Accounting Accounting Accounting 130

Accounting Tools

JULY 23, 2024

What are the Objectives of Financial Reporting? The objectives of financial reporting cover three areas, dealing with useful information, cash flows, and liabilities. Objective #1: Provide Useful Information The first objective is to provide useful information to the users of financial reports.

Financial Reporting 52

Financial Reporting Financial Statements Bookkeeping Financial Accounting 52

Less Accounting

DECEMBER 1, 2023

Wrap 2023 Up in a Bow: Here's Your Year-End Accounting Checklist As you wrap up gifts for loved ones, you might be considering what else needs to be done to wrap up your business for the year. This year-end accounting checklist can help you confidently cruise into the holiday season, leaving you ready to make a splash in the new year.

Accounting 105

Accounting Accounting Bookkeeping Budgeting 105

Accounting Tools

JULY 11, 2023

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is Financial Accounting? Financial accounting is the practice of recording and aggregating financial transactions into financial statements. Management accounting reports are only intended for internal use.

Financial Accounting 40

Financial Accounting Financial Statements Accounting Accounting 40

Accounting Today

JANUARY 22, 2025

The Financial Accounting Standards Board released a proposed ASU containing a set of targeted improvements to the FASB Accounting Standards Codification.

Financial Accounting 147

Financial Accounting Accounting Accounting Financial Reporting 147

Accounting Tools

OCTOBER 13, 2023

Related Courses GAAP Guidebook International Accounting What are the Statements of Financial Accounting Concepts? Concepts statements set the objectives and qualitative characteristics used to to determine which business transactions and events shall be recognized and measured in financial reports.

Financial Accounting 40

Financial Accounting Accounting Accounting Financial Reporting 40

SMB Accounting and Consulting

DECEMBER 2, 2020

Many small business government contractors are exempt from complying with cost accounting standards (CAS) and defined by the code of federal regulations (CFR). However, compliance with generally accepted accounting principles (GAAP) is required. These should be integrated in any federal contractors accounting policies.

Accruals 87

Accruals Financial Records Accounting Accounting 87

Accounting Tools

JUNE 20, 2023

Related Courses Bookkeeping Guidebook CFO Guidebook New Controller Guidebook What are the Types of Accounting? There are several types of accounting that range from auditing to the preparation of tax returns. Accountants tend to specialize in one of these fields, which leads to the different career tracks noted below.

Accounting 76

Accounting Accounting Financial Statements Accruals 76

Accounting Tools

APRIL 4, 2023

Related Courses Cost Accounting Fundamentals Managerial accounting involves collecting, analyzing, and reporting information about the operations and finances of a business. These reports are generally directed to the managers of a business, rather than to any external entities, such as shareholders or lenders.

Accounting 76

Accounting Accounting Financial Statements Cost Accounting 76

Accounting Today

APRIL 25, 2025

The Financial Accounting Standards Board published a rule in 2023 requiring companies that hold crypto to report their tokens at fair value.

Financial Accounting 130

Financial Accounting Accounting Accounting Financial Reporting 130

Accounting Tools

DECEMBER 19, 2023

Accountancy is the practice of recording, classifying, and reporting on business transactions for a business. It provides feedback to management regarding the financial results and status of an organization. The key accountancy tasks are noted below.

General Ledger 76

General Ledger Accounting Accounting Financial Statements 76

Accounting Tools

JULY 8, 2024

What is Cost Accounting? Cost accounting involves the recordation, analysis, and reporting of costs to management. The intent behind this type of accounting is to provide insights into the cost structure of a business that can be used to better manage it, thereby improving profitability.

Cost Accounting 75

Cost Accounting Accounting Accounting Budgeting 75

Accounting Tools

OCTOBER 11, 2023

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook Introduction to Accounting Basics Accounting is the practice of recording and reporting on business transactions. This means setting up accounts in which financial information is stored. Liabilities.

Accounting 76

Accounting Accounting Record Keeping Purchase Order 76

Accounting Tools

JULY 12, 2024

What is Governmental Accounting? Governmental accounting maintains tight control over resources, while also compartmentalizing activities into different funds in order to clarify how resources are being directed at various programs. Some types of funds use a different basis of accounting and measurement focus. Debt service fund.

Accounting 75

Accounting Accounting Accruals Collections 75

Accounting Tools

OCTOBER 18, 2024

There are two major accounting frameworks in use in the world today, which are Generally Accepted Accounting Principles ( GAAP ) and International Financial Reporting Standards ( IFRS ). Both accounting frameworks allow for the use of first in, first out valuations, as well as weighted-average valuations.

Financial Reporting 76

Financial Reporting Financial Accounting Accounting Accounting 76

Intuit

SEPTEMBER 18, 2024

Table of Contents California CPA Requirements How to Become a CPA in California CPA Jobs Remote CPA Jobs Certified Public Accountants (CPAs) have met strict educational and professional criteria to reach the CPA designation. In short, the CPA designation is a marker of excellence in the accounting field.

CPA 130

CPA QuickBooks Customer Service Tax 130

MineralTree

OCTOBER 5, 2023

Read on to learn the benefits of streamlining and optimizing the accounts payable month-end close process, including information on best practices and the role of automation in achieving operational excellence. Getting Invoices Posted Invoices need to be accurately recorded in the accounting system.

AP 76

AP Reconciling Accruals Accounts Payable 76

Nanonets

SEPTEMBER 21, 2023

Accounting problems  can create significant challenges for businesses, affecting their  financial flow  in the  US. In this article, we will explore common  accounting problems  faced by businesses and provide  solutions  to overcome them.

Accounting 52

Accounting Accounting Outsourced Bookkeeping Financial Reporting 52

Accounting Tools

JUNE 11, 2023

Related Courses GAAP Guidebook Governmental Accounting International Accounting What is an Accounting Standard? An accounting standard is a document issued by a rule-setting body, stating the manner in which accounting transactions are to be recorded and reported.

Accounting 40

Accounting Accounting Financial Statements Financial Reporting 40

Accounting Tools

JULY 17, 2023

Related Courses GAAP Guidebook International Accounting GAAP is short for Generally Accepted Accounting Principles. GAAP is a cluster of accounting standards and common industry usage that have been developed over many years. GAAP is much more rules-based than IFRS.

Financial Statements 75

Financial Statements Financial Reporting Financial Accounting Accounting 75

Nanonets

SEPTEMBER 23, 2023

Mastering the  best accounting practices  is crucial for unlocking  success  in  financial management  and driving business growth. Key Takeaways: Mastering the  best accounting practices  is crucial for  success  in  financial management.

Accounting 52

Accounting Accounting Record Keeping Budgeting 52

Accounting Tools

JULY 23, 2024

What is Accounting Theory in Financial Reporting? Accounting theory is the cluster of accounting frameworks and historical practices that is used to apply principles of financial reporting. In the absence of instructions from an accounting framework, historical precedent is typically used.

Accounting 40

Accounting Accounting Financial Reporting Financial Statements 40

Accounting Tools

APRIL 26, 2023

Related Courses GAAP Guidebook International Accounting What is the Accounting Principles Board? The Accounting Principles Board (APB) was a group that issued authoritative pronouncements about accounting theory and the practical application of accounting.

Accounting 40

Accounting Accounting Financial Statements Financial Reporting 40

Outsourced Bookeeping

SEPTEMBER 15, 2023

In a world where hardly anyone can be trusted in managing your accounts for the real estate business dealings, accounts management and financial statements management can be highly stressful and tedious. There are several advantages of outsourcing your bookkeeping and accounting responsibilities with our organization.

Outsourced Bookkeeping 52

Outsourced Bookkeeping Accounts Payable Accounts Payable Bookkeeping Services 52

Remote Quality Bookkeeping

JULY 24, 2023

If you’re a small business owner or entrepreneur, you’ve probably heard of GAAP, the Generally Accepted Accounting Principles. This set of accounting principles provides standard rules and methods for businesses to collect and report financial information. What is GAAP? Securities and Exchange Commission (SEC).

Financial Reporting 52

Financial Reporting Bookkeeping Financial Statements Accruals 52

Nanonets

APRIL 3, 2024

Traditional bookkeepers are professionals responsible for recording financial transactions, maintaining ledgers, and preparing financial statements manually or using basic accounting software. These professionals play a crucial role in ensuring the accuracy and integrity of a company's financial records.

Virtual Bookkeeping 74

Virtual Bookkeeping Bookkeeping Data Entry Bookkeeping Services 74

CapActix

OCTOBER 10, 2023

That’s where the best accounting software for CPAs and accounting firms comes into play. Investing in the best accounting software for CPAs and accounting firms designed to facilitate the operations of accounting business is a prudent decision. million ( Source : Finances Online ).

Accounting Software 52

Accounting Software Accounting Accounting Data Entry 52