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

Any case with an ambiguous chance of success should be noted in the financial statements but doesn't have to be listed on the balance sheet as a liability. A business accounting journal is used to ...

That feeling of satisfaction and accomplishment that accountants feel at the end of a successful tax season can be shattered ...

President Biden has vetoed a bill that would have repealed a staff accounting bulletin from the Securities and Exchange Commission requiring custodians to list cryptocurrencies on their balance sheets ...

Oil and gas companies are using a gap in US financial reporting rules to omit from their balance sheets hefty obligations to ...