The concept of materiality was defined more precisely for federal government entities in an accounting standard issued Monday by the Federal Accounting Standards Advisory Board. The guidance is ...

Knowing where your company spends money gives you better control over its future. Cost center accounting identifies how areas of the company that don't generate profit but are needed to support those ...

The conceptual framework is a series of Statements of Financial Accounting Concepts (SFACs), taken as a whole, set the objectives, characteristics and other concepts that determine how financial ...

Whether you're planning to pursue a career in accounting, management, finance, economics, or any other related field, learning the fundamentals of accounting can provide the framework you need to be ...

Lean accounting concepts are designed to better reflect the financial performance of a company that has implemented lean manufacturing processes. These may include organizing costs by value stream, ...

Concepts Statement No. 6, Measurement of Elements of Financial Statements, augments the framework that GASB uses to promote consistency in setting accounting and financial reporting standards and is ...

Money rules the world. From Fortune 500 companies to the dollar bills in your wallet, money is what makes the world go round. Although many people lack a basic understanding of money. That’s why we ...

From accounting basics to advanced financial training, the Campus Controller's Office offers a wide range of general and customized courses to fit your needs. Learning Objectives: This online, ...

Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems. David Kindness is a Certified Public Accountant (CPA) and an expert ...