When the US accounting standard setter announced in December that it would follow its international counterpart and shift the gains and losses from banks' own credit spread movements – known as debit ...

The Governmental Accounting Standards Board released a proposed concepts statement to guide GASB when establishing note disclosure requirements for state and local governments. The proposal is part of ...

Imagine sitting at your desk awaiting a pithy proposalfrom one of your employees and instead, receiving a monstrous 1,000 pagedocument of which just one section read something like this: "Section 502 ...

The Guidance Notes on the application of forensic accounting standards is expected to be finalised by the end of June, sources in the CA Institute said. The purpose of seeking public comments on the ...

In business accounting, notes receivable are promissory notes that represent an asset. These promissory notes are either short-term or long-term and should be recorded on the balance sheet differently ...

Learning to adjust long-term debt on a balance sheet can be daunting for a business. Handling a long-term notes payable journal entry or providing long-term loan accounting treatment can be ...