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

Nonprofits have specific fund-tracking needs that ensure they’re fulfilling their mission. With that in mind, some accounting software is better than others. For this list of the best accounting ...

FASB published a proposed Accounting Standards Update (ASU) that features new guidance on how companies should account for internal-use software. Proposed amendments to Subtopic 350-40, Intangibles — ...

FASB has amended its guidance on accounting for internal-use software costs. The amendments in the Accounting Standards Update (ASU) will apply to all entities subject to Subtopic 350-40, Intangibles ...

Large accounting firms will have to submit financial statements annually to the U.S. audit regulator for the first time, among new requirements that have faced pushback from auditors but have received ...

U.S. companies may need to report cash amounts tied to their software expenditures, more of which would be moved off corporate balance sheets under a forthcoming proposal to update decades-old ...