Audit and tax firms have long understood that the traditional services for which they are being engaged (e.g., conducting an ...

Many corporate executives continually question and analyze their business practices to achieve their goals more effectively ...

A company's long-term liabilities, such as bonds payable and finance leases, arise from its future cash flow obligations.

As an accounting major graduating in the spring, I have had the opportunity to study the ways in which environment, social ...

Decentralized finance (DeFi) is an emerging peer-to-peer system for conducting financial activity on the blockchain without ...

In Brief The recent surge in inflation has led managers to reassess the best inventory valuation methods—first-in-first-out (FIFO) or last-in-first-out ...

This past year marked the 30th anniversary of the statement of cash flows as a required financial statement. FASB’s efforts in developing the then-new standard were heavily influenced by the ...

The Origins of Forensic Accounting. The world of forensic accounting has been developing for the past 70 years. Some credit the beginning of the understanding of fraud as a subject of scientific study ...

One of the most challenging issues facing leaders in the public accounting profession is the high rate of employee turnover. A recent survey finds that turnover in large CPA firms (those with revenues ...

Moving beyond those levels, taxpayers who can keep their modified adjusted gross income (MAGI) below $200,000 (single) and $250,000 (MFJ) can avoid the 3.8% net investment income tax (NIIT) they would ...

Benefits of Diversity. Exhibit 1 identifies the benefits of increasing workplace diversity to accounting firms and other organizations.Because resources and effort may be required to benefit from ...

In recent years, almost all state boards of accountancy have relaxed the 150-hour requirement to permit accounting undergraduate degree holders to immediately sit for the CPA exam (subject to the ...