Investors should closely scrutinize the quality of financial statements as net income can sometimes be manipulated through questionable accounting practices. For individuals, net income is the amount ...

Learn the principles of financial accounting, its importance, and how it functions to provide a clear picture of a company's financial health and compliance.

Business advisers can help guide clients through the tax and accounting considerations of a corporate sale or purchase.

The IRS often determines upon audit that a business has over a period of years failed to report properly items of income or expense. In that case, the ability of the government to assert additional ...

FASB on Friday released an update that defers a portion of new accounting requirements for comprehensive income issued earlier this year. The update defers the requirement to present items that are ...

The Financial Accounting Standards Board proposed an accounting standards update Wednesday to address requests from investors for better income tax disclosures from public companies. During its ...

The Financial Accounting Standards Board issued an accounting standards update Thursday aimed at improving income tax disclosures from companies. The ASU requires consistent categories and greater ...