Burn, baby, burn. That's a beautiful thing.” These words came from an Enron energy trader, caught on tape during the ...

IN BRIEF Public company auditing is a complex and challenging area of accounting practice. The following revisits the authors ...

FASB to weigh whether some stablecoins and other digital assets qualify as cash equivalents, as it also decides which of over ...

Please note: This item is from our archives and was published in 2005. It is provided for historical reference. The content may be out of date and links may no longer function. The century of American ...

Journal entries are necessary for adjusting the balances of ledger accounts for a variety of reasons, including recognizing accruals, liabilities and other expenses. If an entry posts incorrectly, it ...

Following FASB’s issuance of Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), in 2016, GASB issued Statement No. 87, Leases, in June 2017, to become effective for reporting periods ...

Journals are created following the business rules and Chart of Accounts architecture for valid values to record and order financial information for management and reporting. Journals should contain ...

If your small business used a mortgage for a home purchase, a journal entry affects the property, mortgage payable and cash accounts. If you paid all cash for a home, a journal entry affects the ...

Sawtelle accounting firm Holthouse Carlin Van Trigt plans to grow with a large office in Salt Lake City and expansion elsewhere. Lease: HCVT leased out a regional office within 650 Main in Salt Lake ...