This article provides a rigorous development of a contract (or commitment) basis of accounting as an alternative to the exchange basis in present use. Specifically, the analysis deals with the ...

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 ...

Businesses must account for their costs and earnings each year when it comes tax time. This is usually a straightforward process, but it can be a bit more complicated if your business is one that ...

The Financial Accounting Standards Board released an accounting standards update Thursday, with guidance on accounting for revenue contracts with customers acquired in a business combination. The ...

Accounted MTM gains or losses on derivatives in the income statement, and also corresponding MTM gains or losses on firm commitment in the income statement. Point to be noted that hedge documentation ...

FASB issued a new standard Wednesday that is designed to simplify financial reporting associated with accounting for convertible instruments and contracts in an entity’s own equity. The board reduced ...

Financial reporting for insurance companies that issue long-duration contracts will change under an accounting standard issued by FASB. The targeted changes to the current reporting model affect ...

All Bates College agreements with outside vendors should be documented by a written contract. Contracts valued at less than $5,000 (annual basis) may be reviewed and signed by the manager responsible ...

The Financial Accounting Standards Board issued an accounting standards update that aims to improve the transition requirements in its guidance around long-duration insurance. Processing Content ASU ...

Versique, one the largest executive search firms in the Twin Cities, is adding a division to provide contract finance and accounting professionals to its clients. Versique, one the largest executive ...