For the black-and-white reputation that accounting has, the profession allows transactions to be accounted for in many different ways. The preferred method of accounting for a transaction depends on ...

On December 3, the Supreme Court of Delaware issued an important decision related to purchase price adjustments and, specifically, how a seller's misapplication of accounting rules can leave buyer on ...

All small businesses incur expenses in the operation of the business. Those expenses are deductible items that the business owner can use to reduce income, effectively lowering the amount of federal ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Some people still believe that the 150-hour rule has elevated the accounting profession. I’m ...

Two sets of proposed Treasury regulations issued on Thursday provide new rules on how taxpayers treat income from advance payments under new book-tax conformity rules. One set of proposed regulations ...

Aug 20 (Reuters) - Wall Street's top regulator on Tuesday voted 3-2 to bless new rules making it easier for an audit watchdog to hold people responsible for audit firms' violations. Divided along ...

F or many years, the IRS clashed over the cash method of accounting with small business taxpayers who provided services as the mainstay of their business but who were categorized as inventory ...

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