Accounting is a powerful word. Investorwords.com defines it as "The systematic recording, reporting and analysis of (the) financial transactions of a business." The two organizations that regulate ...

The Difference Between Principles & Rules Based Accounting Standards. Unethical accounting practices enabled companies like Enron and WorldCom to bilk investors out of huge sums of money. In... GAAP ...

Financial accounting is a specific type of accounting that uses standardized processes and guidelines for businesses to record their financial transactions and prepare financial statements for ...

Accounting is a comprehensive system for collecting, recording, classifying, summarizing, interpreting, and communicating financial information. It is often referred to as the language of business as ...

U.S. companies may need to report cash amounts tied to their software expenditures, more of which would be moved off corporate balance sheets under a forthcoming proposal to update decades-old ...

The accounting industry's oversight board yesterday unanimously approved new rules forcing auditors to preserve backup documents that would allow inspectors and others to better review their work.

LONDON, March 14 (Reuters) - Listed companies will have to give investors more detailed information on whether takeover deals live up to their initial promise to spare markets unexpected "goodwill" ...

WASHINGTON -- Companies' balance sheets are bloated because of faulty accounting practices that include fake assets and must be changed to prevent future Enrons, a former Securities and Exchange ...