Norwalk, Conn. — In a continuing effort to quickly converge at least a few U.S. standards to international standards, the Financial Accounting Standards Board is hammering out a proposal on liability ...

Financial data are most often recorded using a technique called double-entry accounting. This method relies upon a mathematical construct called the accounting equation. Any time an adjustment is made ...

The Financial Accounting Standards Board has decided to tweak some of its standards related to contract assets and liabilities for construction contractors in response to recommendations from its ...

Carla Tardi is a technical editor and digital content producer with 25+ years of experience at top-tier investment banks and money-management firms. Khadija Khartit is a strategy, investment, and ...

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Liquidity ratios are key financial ratios used by internal and external analysts to gauge a company's liquidity, which represents its capacity to pay its existing short-term liabilities if it needs to ...

The financial statements of your business are comprised of several different reports. Your balance sheet is one report included in your financial statement package, and may be presented with ...

When the accountant attempts to deal with inflation in financial statements he encounters two quite separate problems. General price level adjusted (GPLA) statements address the first--the changing ...

A financial statement that lists the assets, liabilities and equity of a company at a specific point in time and is used to calculate the net worth of a business. A basic tenet of double-entry ...

The Brookings Papers on Economic Activity contains the articles, reports, and highlights of the discussion from conferences of the Brookings Panel on Economic Activity. The expertise of the panel is ...