Construction workers tend to work based on contractors they make with the owners of property. Traditionally these contractors could choose from a variety of accounting procedures to account for the ...

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 ...

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 ...

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

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Khadija Khartit is a strategy, investment, ...

FASB proposed three Accounting Standards Updates (ASUs) on Thursday aimed at simplifying accounting for employee benefit plans. Another proposal is designed to clarify whether certain electricity ...

Trading oil futures contracts can be a new source of business income. You can open an account in your business name and use company money to fund the account. If your business was set up to trade ...