The government of Albania said it has approved an agreement with the International Bank for Reconstruction and Development ...

While the AIS aims to improve voluntary compliance in income tax filing, the system’s early-stage flaws are causing more ...

ITAT Mumbai grants Vishwaroop Infotech partial relief on unrealized rent and Section 14A disallowance, highlighting commercial expediency and proper expense ...

ITAT Delhi held that interest expense relating to prior period expenditure is allowable since from the financial positions and profitability declared in the financial statement, it shows that it has ...

While expenditures may be qualified investments for the Sec. 48D advanced manufacturing investment credit, related grant ...

Congress should change its scorekeeping and PAYGO rules to allow CBO to use accrual-based accounting when scoring health care policies with significant future effects.

Accrual accounting promotes a long-term view of the government’s operations, as opposed to cash accounting.

Accrual accounting often makes more sense for small businesses that carry inventory and/or get paid after a service is provided. With this accounting method, you record income as soon as the product ...

Discover why GAAP requires the accrual basis for accounting rather than the cash basis, and learn why it is important for stakeholders.

Cash Basis vs. Accrual Method Accounting The key difference between the cash basis and accrual method accounting is the timing of when the transactions are recorded.