Forbes contributors publish independent expert analyses and insights. I am the Kester and Brynes Professor at Columbia Business School and a Chazen Senior Scholar at the Jerome A. Chazen Institute for ...

Is a company making profit or a loss? It’s undoubtedly an important question in the minds of managers, investors, bankers, and boards of directors (investors would like to buy shares of, and banks ...

In an era when nearly nine out of 10 S&P 500 companies report non-GAAP earnings, accounting professionals find themselves walking a fine line between transparency and optics. Processing Content ...

GAAP was established to standardize what items must be recognized and how they are measured, presented, and disclosed in an organization's financial statements. This ensures a minimum level of ...

When companies massage earnings reports to make profits look larger, do investors buy it? In some cases, they don’t. That’s the lesson from new research by John McInnis, professor of accounting at ...

GAAP reports in detailed, precise formats; IFRS allows flexible, principle-based reporting. GAAP does not permit asset value recovery post-impairment; IFRS allows revaluation. IFRS does not mandate ...

The AICPA A&A Focus webcast on Aug. 6 delivered timely updates for accounting and assurance providers including information about mergers-and-acquisition activity reshaping CPA firms, the benefits and ...