Learn about changes in accounting principles and why businesses make them, as well as the reporting and recording ...

Financial accounting principles shape the recording of nearly every business transaction in the business world. The creation of these principles is no small task and can sometimes seem nearly ...

Learn how accounting measurement quantifies economic activities, enabling better business analysis and comparison through ...

Small-business bookkeeping involves setting up a framework, choosing your method and keeping track of details. Many, or all, of the products featured on this page are from our advertising partners who ...

Genevieve Carlton holds a Ph.D. in history from Northwestern University and earned tenure at the University of Louisville. Drawing on over 15 years of experience in higher education, Genevieve ...

While bookkeeping and accounting are both essential business functions, there is an important distinction. Bookkeeping is responsible for the recording of financial transactions. Accounting is ...

Accounting has been around since as far back as the days of the ancient Egyptians for good reason. If you’re considering investing, or even just trying to keep track of your personal income and ...

Accrual basis accounting is typically the preferred method, but cash basis accounting may work for very small businesses. Many, or all, of the products featured on this page are from our advertising ...

Foreign companies establishing a presence in China will encounter a host of considerations that do not exist in their home country. Of these, interpreting and understanding China’s system of ...