The Financial Accounting Foundation’s board of trustees is changing the process for doing post-implementation reviews of the effectiveness of accounting standards, shifting the leadership of the ...

Robotic process automation is playing a larger role at companies, including in the accounting and finance area, but many executives feel more needs to be done, according to a new report. Processing ...

Opinions expressed by Entrepreneur contributors are their own. I recently attended IMA’s annual conference, ACE2021. One of the hot discussion topics was robotic-process automation (RPA). The ...

Accounting is a way business owners manage their company's financial information. Business owners use accounting to record, report and analyze their company's financial information. Companies often ...

Last year, the Financial Accounting Standards Board (FASB) provided private companies with an extra year to adopt lease accounting standard ASC 842. When this was announced, 63.8% of surveyed private ...

The handling of prepaid expense deferrals and expense accruals will be consistent with the last nine fiscal years. General Accounting processes all prepaid expense deferrals and accruals for all of ...

An efficient accounts payable (AP) process is a necessity for any business as it ensures that vendors and suppliers are paid on time and reduces waste by eliminating late fees and duplicate payments.

Many companies use some type of system to determine the minimum value of produced products. Process costing is an allocation system companies use to allocate cost for homogeneous items produced by a ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...