The Financial Accounting Standards Board sets national accounting standards, called Generally Accepted Accounting Principles, for publicly traded companies in the United States. GAAP standards provide ...

Brush up on your business finances with 10 free accounting courses, covering everything from bookkeeping and payroll to cash ...

David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and retirement planning.

We provide timely and accurate accounting and financial reporting services in accordance with the requirements of Generally Accepted Accounting Principles, the Texas State Comptroller, The University ...

Accounting for inventory is a central part of financial accounting for any business that produces, stocks or sells items. Ultimately, profitability depends on selling inventory for more than it costs ...

Limited guidance from the IRS and accounting standard-setting bodies has led to a divergence in interpretation and practice for inventory valuation within the scope of business combinations. A few ...

The Financial Accounting Standards Board has issued FASB Statement No. 151, Inventory Costs. According to FASB, the new statement, an amendment to No. 43 Chapter 4, would improve financial reporting ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. David Kindness is a Certified Public ...

Reviewed by Julius Mansa Fact checked by Vikki Velasquez What Is the Cost Accounting Method? The cost accounting method, which assesses a company's production costs, comes in a few broad styles and ...