Accounting

The concept of “matching” is one of the basic principles of accrual-basis accounting. It requires…

Goodwill shows up on a company’s balance sheet when the company has been acquired in…

Working capital is the difference between a company’s current assets and current liabilities. For a…

Change-in-control events — like merger and acquisition (M&A) transactions — don’t happen every day. If…

Most businesses report financial performance using U.S. Generally Accepted Accounting Principles (GAAP). But the income-tax-basis…

Whether it’s hard hats and drills on a jobsite, iPads in an office or RFID…

The use of so-called “profits interest” awards as a tool to attract and retain skilled…

Technology is altering the traditional approach to internal audits. Instead of reviewing reams of paperwork,…

Business assets are generally reported at the lower of cost or market value. Under this…

Audited financial statements come with a special bonus: a “management letter” that recommends ways to…