If you own your own business or manage one for someone else, you can learn how your business performed in a given period by reviewing your company's financial statements. If you use the accrual method ...

Accrual-based accounting records a sale or purchase as taking place at the time the product is delivered or the service is completed, even if it's not paid for until weeks or months later. In contrast ...

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

Accrual accounting is the preferred approach for companies reporting their financial statements under generally accepted accounting practices (GAAP), which are issued through the standards of the ...

Two sets of financial statements for a company that cover the same time period can both be technically correct yet display dramatically different values. The key to effective financial discovery means ...

The general tax rules for income recognition under an accrual method of accounting were changed in the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, which added new Secs. 451(b) and (c).

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Ebony Howard is a certified public ...

An income statement is a financial document that details the revenue and expenses of a company. Some investors and analysts use income statements to make investing decisions. The income statement, ...

Su, L.N. (2026) New Changes of Financial Risks in Colleges and Universities and Coping Strategies after the Implementation of the New Government Accounting System. Open Journal of Social Sciences, 14, ...