Business bookkeeping gets very complex, with divisions and subsidiaries requiring their own set of accounts. When the business accounting records are established, every account is titled and assigned ...

To begin with, too many organizations wrestle with the issue of outdated software. Combine that with the fact that in today's increasingly distributed world, organizations are frequently composed of ...

LONG ISLAND, N.Y. — Starting a business can be both exciting and daunting, and while the potential upside can seem promising, the path for a startup may be packed with pitfalls, especially those that ...

When starting a new business, owners must decide which type of entity, or business structure, to choose. The business entity choice determines how taxes are filed, what accounting methods to use and ...

A new accounting standard issued Thursday amends accounting rules for recognition of U.S. federal agencies’ inter-entity costs. The Federal Accounting Standards Advisory Board (FASAB) issued Statement ...

The Federal Accounting Standards Advisory Board (FASAB) proposed to change lease accounting for federal government entities. The proposal would include a comprehensive set of lease accounting ...

The full adoption of the International Financial Reporting Standards or IFRS that started in 2005 has posed a big challenge for many entities. The complexity, real or perceived, of either the full ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...