The World Bank's definition of a financial management information system, or FMIS, is simply the automation of financial operations. With that definition in mind, there are plenty of database ...

Accounting is the practice of tracking your business's financial data and interpreting it into valuable insights. This allows you to generate crucial financial statements, such as a balance sheet ...

Fund accounting is an accounting system that’s used by nonprofit organizations or government entities. Learn more about its importance and how it works.

Unlike financial accounting, cost accounting is an internal process used only by company management to identify ways to improve the efficiency of their operations and reduce spending where possible.

The Financial Accounting Standards Board, FASB, is a private, independent organization that since 1973 has been given the authority by the U.S. Securities and Exchange Commission, or SEC, to ...

The FIX is an electronic communication protocol for the international real-time exchange of securities transaction information.

Accounting software helps you track money moving in and out of your small business, so that you can maintain a detailed financial record for tax time. 2 By Hillary Crawford , Karrin Sehmbi ...

The Chart of Accounts (COA) is the backbone of the financial system. It provides the organizing framework for both financial and management reporting within the financial system. The COA structure is ...