Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. The balance sheet, income statement, and cash flow ...

The new lease accounting standard caused lease liabilities for the average company to increase 1,475 percent, skyrocketing from $4.4 million before the transition to $68.9 million post transition, as ...

Credit-rating agency Fitch Ratings said in a new report that it does not expect FASB s recent amendments to off-balance-sheet accounting standards to result in negative rating actions, but it believes ...

Accounting errors of omission occur when data are not recorded, resulting in inaccurate information being presented on a balance sheet. Errors of omission include expenses not being reported and ...

The Corporate Scandal Sheet Aug 26, 2002, 05:30pm EDTJun 06, 2013, 02:10pm EDT ...

Michael Bohinc is a Certified Public Accountant in Cleveland, Ohio, and the owner of Keeping Score Inc. He has served as the Chief Financial Officer of Norhio Plumbing Inc., his family’s plumbing ...

The accounting equation defines a company’s total assets as the sum of its liabilities and shareholders’ equity. It's the foundation of the double-entry accounting system.

The company's accounting had been scrutinized by the New York State Public Service Commission during a recent rate-hike request. In February, the PSC hired a Kansas firm to look into National Grid ...

A big change in lease accounting due in January of 2019 will affect every public and private company in the U.S., just like the tax revamp and the new rules for recording revenue that took effect ...