The Internal Revenue Service (IRS) recently released two revenue procedures that relate to the implementation of accounting method changes as a result of the revisions to Section 846 of the Internal ...

One of FASB’s goals for its new hedge accounting guidance was to remove some of the barriers that the old accounting rules presented for hedging. “The interest is palpable, particularly from the ...

Part of thriving is mastering small business accounting, and these tips can help. 1. Keep detailed records like you're a world-class detective Detailed financial records act as a snapshot, allowing ...

When Steve Lauer was laid off from Nortel 18 months ago, the network executive expanded his side business – creating replicas of historic wide plank flooring – into a full-time venture. The trouble ...

Food retailers with annual earnings under A$2m will be able to use a simplified tax-accounting method and save time and paperwork, according to an announcement made yesterday by the Australian ...