Discover the differences between absorption and variable costing methods, how they impact financial statements, and why GAAP compliance is key for public companies.

GAAP ensures public companies report finances consistently for clear investor comparisons. GAAP adherence is mandated by the SEC, crucial for comparing financial performance. Understanding GAAP helps ...

GAAP standards provide uniform financial reporting, critical for investors and auditors comparing companies. Non-GAAP results adjust GAAP figures to highlight specific financial aspects, but they ...

Simply sign up to the US financial regulation myFT Digest -- delivered directly to your inbox. The top US markets regulator has threatened to ban overseas companies from using accounting rules from ...

In an estate, a property was held and IHT due on it, and an election was made for the IHT to be paid by instalments over 10 years (not under WIR- with interest relief). A large payment was made by the ...

The US Department of Justice formally sued Apple in March 2024, accusing the company of having a “smartphone monopoly.” As a refresher, the DOJ’s antitrust lawsuit focuses on five major aspects of the ...

In accounting, a principles-based on approach is the most popular accounting method globally because it is usually better to adjust accounting principles to a company's transactions, rather than ...

Here are the top free online accounting course choices that provide outstanding tools to help you manage your education without spending a penny. With so many options that vary in depth, credibility, ...

"Our vision is to transform how businesses approach financial compliance and reporting—from what many see as burdensome technical requirements into strategic advantages they can leverage for better ...

The fix comes after PwC, Deloitte, KPMG and EY requested clarity on rules related to convertible debt instruments that have seen a surge in demand. Convertible bonds are a hybrid security that ...

Michael Cohen, the “Fixer” for Donald Trump, has recently gotten off the stand in the former President’s “hush money” trial. Those taking aim at Cohen’s testimony have pointed out frequent use of “I ...