The Treasury is recruiting a service firm to redesign the current Ifmis to accommodate new processes and more users.

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

Achieved $2.2 Billion Fiscal 2025 DRIVE Structural Cost Reduction Target Returned $4.3 Billion to Stockholders Through Stock Repurchases and Dividends During Fiscal 2025 Targeting $1 Billion of Transf ...

As part of its comprehensive campaign to raise awareness of Corporate Tax among business sectors, the Federal Tax Authority ...

By NORMAN G. GRILL, CPA, and JOHN SHORTSLEEVE, CPA The accounting method your business uses to report income for tax ...

Apple is lagging on its AI strategy, and funds are most likely rotating capital elsewhere in the Mag 7 group. Momentum is clearly not on Apple's side post WWDC 2025. That said, I'm projecting upside ...

On the other hand, prepaid rent is taxable as soon as it is received. But what if expenses are incurred by the landlord, such as painting, repairs, and maintenance, in a subsequent year?

The National Treasury has issued fresh guidelines to help all government entities transition from cash-based to accrual-based accounting, in line with a 2024 Cabinet directive Treasury PS Chris ...

Accrual vs. Accounts Payable: An Overview Both accrual and accounts payable are accounting entries that appear on a company's financial statements. An accrual is an accounting adjustment for items ...

Accrual accounting has the potential to improve governance, internal controls, and risk management within government and in public sector entities. The Cabinet last year approved a major shift in ...