Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

While large corporations and publicly traded companies must follow the financial accounting, small businesses have the choice of using either the financial accounting method or the tax accounting ...

The two types -- or methods -- of financial accounting are cash and accrual. Although they're distinct, both methods rely on the same conceptual framework of double-entry accounting to record, analyze ...

The International Accounting Standards Board published a consultation document Wednesday with eight proposed illustrative examples showing how companies could apply International Financial Reporting ...

Investopedia / Jessica Olah Transfer pricing is a crucial accounting method ... had engaged in the same transaction under the same circumstances. Due to strict guidelines, tax authorities closely ...

The International Financial Reporting Standards Foundation has published a set of near-final examples showing how companies can improve the reporting of uncertainties in their financial statements ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Every CFO knows the faster their finance team can close the books and deliver real-time ...