In 2006, the U.S. Financial Accounting Standards Board (FASB) verified how companies were required to mark their assets to market through the accounting standard known as FASB 157 (No. 157, Fair ...

Definition of Accounting Estimates. Financial statements provide investors and analysts with information about a company's ability to manage its financial transactions and build value in the ...

Arrive at the total financial gain or loss by adding the sums in the various categories of the income statement. For example, a business has gains of $15,000 and $12,000 in different categories ...

Financial consultants are often hired by high-net-worth clients. These consultants typically work with complex financial situations. They may advise on investments, property holdings and long-term ...

Fund accounting is a bookkeeping system. It is used by nonprofit and government organizations to focus on accountability for how they spend resources provided by donors or taxpayers that are ...

While the basics of accounting haven’t changed in over 500 years, the practice of bookkeeping has. Bookkeeping was once done manually using actual books called journals and ledgers.

Norwalk, Conn. — In a continuing effort to quickly converge at least a few U.S. standards to international standards, the Financial Accounting Standards Board is hammering out a proposal on liability ...

A chartered financial analyst, or CFA, is someone who has completed the CFA Institute's CFA Program, acquired the program's experience requirements, and passed the rigorous three-part CFA exam to ...

In accounting, a non-cash item refers to an expense listed on an income statement, such as capital depreciation, investment gains, or losses, that does not involve a cash payment.