What Is Financial Accounting Standard 157 (FAS 157)? Financial Accounting Standard 157 (FAS 157) is the Financial Accounting Standards Board (FASB)’s controversial fair value accounting standard, ...

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Learn the essentials of financial accounting tailored for enterprise executives. Make smarter decisions with 5 clear, actionable financial skills.

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Investopedia / Paige McLaughlin ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Accounting principles help hold a company’s financial ...

Understanding the various types of accounting methods is crucial for any business or individual looking to manage their finances effectively. Each method has its own set of rules and benefits, which ...

American accountants follow the generally accepted accounting principles, called GAAP, when recording transactions and preparing financial statements. One of those financial statements is the income ...

"Uncertainty" in accounting refers to the difficulty of predicting outcomes because of limited or inexact knowledge. Financial statements often contain estimates and other information based on ...

A recent accounting standards update helps entities evaluate whether transactions should be accounted for as acquisitions or disposals of assets or as businesses. The Financial Accounting Standards ...

The Financial Accounting Standards Board issued an accounting standards update to address stakeholder concerns about the application of derivative accounting.

This paper responds to the fourth annual report by W. John Minter and Howard R. Bowen on Independent Higher Education "Financial and Educational Trends in Independent Higher Education, 1978." Primary ...