The Beneish M-Score is an effective, quick-screening tool to detect frauds. Developed by Professor Messod Beneish, this ...

The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) providing official guidance ...

The International Accounting Standards Board on Wednesday launched a consultation on a new risk mitigation accounting model, which it said comes after years of dialogue between the IASB and banks that ...

The Financial Accounting Standards Board has issued a new Accounting Standards Update to address growing confusion over what ...

"Uncertainty" in accounting refers to the difficulty of predicting outcomes because of limited or inexact knowledge. Financial statements often contain estimates and other information based on ...

In the world of investing, we’ve all heard the phrase, “Don’t put all your eggs in one basket.” It’s solid advice that emphasizes the importance of diversifying your investments. Unfortunately, some ...

An organization's general ledger holds the accounting entries that describe all money coming into or leaving a company. Keeping accounting books manually carries the risk of recording one side of a ...

Like “getting in shape,” the term “financial independence” has the ring of being a worthy goal but resists a clear and universal definition. Thus, it’s repeated liberally by everyone from ...

As time passes, you may need extra help managing your finances. You can appoint a financial caregiver to help, but before authorizing someone to this role, consider the type of help you might need and ...

Definitions of accounting deployed today are observably narrow, outdated, and increasingly unsuitable for realizing the full potential of accounting in today’s world. Without key definitional change ...

What if students who are required to take a core accounting course could study more alluring topics in that core course, such as sustainability and forensic accounting, and learn how to read financial ...

Microsoft and OpenAI have a very specific, internal definition of artificial general intelligence (AGI) based on the startup’s profits, according to a new report from The Information. And by this ...