The Financial Accounting Standards Board released an accounting standards update Monday to improve financial reporting by requiring public companies to disclose, in their interim and annual reporting ...

While there are numerous transactions that have an effect on a firm's income statement, five common transactions tend to occur frequently. The first instance is when your firm provides goods or ...

Starting a business can be a costly undertaking. You need to consider a variety of expenses, from license and legal fees to property and equipment. Federal laws provide options for new business owners ...

FASB is seeking comments on a proposed Accounting Standards Update (ASU) that is intended to provide investors with more decision-useful information regarding a public business entity’s expenses. The ...

is the profit a company or individual makes after all expenses, taxes, and deductions are subtracted from total revenue. For businesses, net income appears on the income statement and is often ...

These include rental income, which acts like dividend income, along with substantial tax advantages and expense write-offs, which can feel like bonuses. "Owning a rental property isn't just about ...