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 ...

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 ...

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 ...

The Financial Accounting Standards Board has issued an accounting standards update on derivatives and hedging related to electricity contracts. FASB noted that Topic 815 in its accounting standards ...

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 ...

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 ...