Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

Financial accounting refers to the generally accepted accounting principles used to create financial statements for the public, while tax accounting follows the rules of the Internal Revenue Service.

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

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

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 ...

Accountants can use any one of three methods for calculating inventory value and cost to keep a business in compliance with accepted accounting standards. Each method can present different problems ...

Finance and accounting both revolve around money, but each has a different role. Finance involves planning how to invest money strategically to grow wealth. Accounting tracks and reports past and ...

Discover the key assumptions of accounting postulates and their role in shaping accounting standards, including revenue ...