Three FASB board members say the requirements don’t provide investors with adequate details on government assistance.

A company's long-term liabilities, such as bonds payable and finance leases, arise from its future cash flow obligations.

The journal functions as a running record of a business's financial transactions. It states the date of each transaction, how much money was involved, and the accounts affected.

Andy Park is the EY Los Angeles Office Managing Partner for Ernst & Young. In his role, Park uses his roughly two decades of experience to lead a team ...

Bookkeeping and accounting are essential functions of a business, particularly one that wants to succeed long term. Without a solid accounting system, you will never know whether your business is ...

The Financial Accounting Standards Board released an accounting standards update Monday to improve the requirements for identifying the accounting acquirer in business combinations such as mergers and ...

When you find the right accounting software for your small business, everything seems to click into place. Managing invoices goes from a headache to a routine task. Detailed income and expense ...