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

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

A Department of Education proposal does not include accounting in its list of professional degree programs, a designation ...

WASHINGTON, Nov. 24, 2025 /PRNewswire/ -- The American Institute of CPAs (AICPA) and state CPA societies strongly oppose any proposal that fails to recognize accounting as a professional degree ...

Correspondence to Professor Frank J Chaloupka, Economics, University of Illinois at Chicago, Chicago, IL 60607, USA; fjc{at}uic.edu If you wish to reuse any or all of ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

In recent public discourse, confusion has arisen around the concept of wealth—particularly in distinguishing between accounting, economic, and social definitions. I therefore wish to clarify these ...

A business's bookkeeping system that tracks the money coming in vs. the money going out Aside from every business owner’s inherent desire to stay in business, there are two other key reasons to set up ...

Definitions of accounting deployed today are observably narrow, outdated, and increasingly unsuitable for realizing the full potential of accounting in today’s world.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 ...

With tax season underway, taxpayers may have noticed the accounting shortage in recent years. As more accountants retire or abandon the industry, it’s been harder for folks to find a reliable CPA in ...

Simply put, equity describes an investor's direct ownership interest in an asset, excluding all other claims. A familiar example is home equity, which is the value of your home after you subtract ...

We may receive a commission from our partners if you click on a link to review or purchase a product or service. Click to Learn More Take everything you know about accountancy and throw it out of the ...