An asset is anything, tangible or intangible, that has economic value to its owner or could have economic value in the future.

Accounting is the compilation of financial information for various purposes, such as managing a corporate budget, making informed decisions with regard to business operations and predicting future ...

Business advisers can help guide clients through the tax and accounting considerations of a corporate sale or purchase.

Accountants can use any one of three methods for calculating inventory value and cost to keep a business in compliance with accepted accounting standards. Each method can present different problems ...

Most businesses carry long-term and short-term debt, both of which are recorded as liabilities on a company's balance sheet. Business debt is typically categorized as operating versus financing.

Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies. Investopedia / Paige ...

Often, we’re tasked with citing common sources that are nevertheless receive no mention in our chosen style manuals. For College of Business students, accounting standards are one such example. The ...