Businesses and other economic entities record transactions and compile them using different accounting bases that best suit their preferences and needs. Each accounting basis can be imagined as a ...

In cost accounting, an accountant often uses the information about costs during a certain period to project future expenses. There are several methods the accountant may use for his estimations, ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Assumption, they say, is the mother of all screw-ups. Indeed, the financial crisis shed light on many absurd ...

The use of total shareholder return (“TSR”) plans as a form of performance-based compensation continues to grow in popularity as energy companies look for more efficient ways to match executive pay ...

The Australian Securities and Investments Commission (ASIC) has made clear to company directors that they have an obligation to question the accounting assumptions contained in financial reports, even ...

The latest Hyman's Robertson FTSE 350 accounting survey reveals firms are using an increasingly wide range of discount rates and inflation assumptions to calculate liabilities. Here are the key ...