When Have I Earned Revenue?

Many small and medium-sized businesses use varying basis of accounting depending on their financial reporting requirements. For companies preparing their financial statements in accordance with Generally Accepted Accounting Principles (GAAP), recognizing revenue could become a more co
Read More

How valuable is my Inventory?

A recent standard passed by the Financial Accounting Standards Board (FASB) more closely aligns accounting standards for companies in the United States with standards observed by companies under international accounting standards. This standard goes into effect for all companies with
Read More