The cost and equity methods of accounting are used by companies to account for investments they make in other companies. In general, the cost method is used when the investment doesn't result in a ...

When one company has an interest in another company it has equity in that company. Under certain circumstances, the appropriate way for the company to account for that investment on its own books is ...

The Financial Accounting Standards Board wants to allow companies to use a certain accounting method for a broader range of tax-credit investments, enabling them to record similar spending in a ...

FASB today issued a proposed Accounting Standards Update (ASU) intended to improve the accounting and disclosures for investments in tax credit structures. The amendments in the proposed ASU would ...

When a public company issues a financial statement, everything needs to be clear and well-understood by everyone reading it. To ensure this, it’s paramount to have a baseline for reporting. That’s ...

A pair of recently published Accounting Standards Updates recommend five areas for applying economic hedges and address ...

Financial accounting is a multi-step process for companies following double-entry methods. The first and most important step begins with a journal entry: the recording of financial information related ...

The financial world thrives on transparency and trust, principles fostered by standardized accounting practices that have underpinned global capital markets for decades. Yet, as the world evolves, so ...

ClearPath CFO Advisory, a financial management firm specializing in bookkeeping, accounting, and advisory solutions, has announced the expansion of its accounting services for small and mid-sized ...

The digital assets known as cryptocurrencies are becoming more popular. In fact, they are the most popular examples of blockchain technology in use today. However, the accounting rules to classify ...