In accrual accounting, revenue is entered when it is earned and expenses are entered when they are incurred. This is done so managers, shareholders and creditors can determine how much a company ...

To check wrong accounting methods followed by most States to record adjustments for errors made in past years’ accounts, the government has notified a new accounting standard for States, Union ...

T-accounting is a method used by accountants and bookkeepers that gets its name from the T shape formed by the two columns used to record entries. Also called double-entry accounting, T-accounting ...

Operating leases are debt and should be treated as such in valuations. Most companies already include corresponding lease assets and liabilities on their balance sheets as required by FASB. But ...