Cash-basis or accrual-basis accounting are the most common methods for keeping track of revenue and expenses. Yet, depending on your business model, one approach may be preferable. You will need ...

Discover why GAAP requires the accrual basis for accounting rather than the cash basis, and learn why it is important for stakeholders.

Cash and accrual are the primary choices for business accounting. With cash accounting, you report expenses when you pay them and income when someone pays you. With accrual accounting, you record ...

Macy’s says an employee hid as much as $154 million in expenses The employee "intentionally made erroneous accounting accrual entries" to hide millions of dollars, Macy's said.