An expert analysis of fixed asset accounting under AS 10 and Ind AS 16, comparing their principles, measurement models, and practical application for Indian ...

While finance and accounting can seem daunting to those without a financial background, you don’t need to dive too deep into those fields as an early-stage startup founder. Knowing these ...

Abstract Introduces the accounting framework, basic financial statements, and eleven accounting concepts.

Reviewing a FIFO and LIFO example will help you better understand these two concepts, explains accounting software maker FreshBooks.

Two new FASB concept statements address financial statement elements and factors FASB should consider in developing accounting guidance.

The matching concept, or matching principle, is a fundamental element of accrual-basis accounting. In accrual accounting, a company records revenue in its books as soon as it has done everything ...

The Next In, First Out form of valuation does not conform to generally accepted accounting principles (GAAP).  This is because NIFO is said to violate the cost principle, accounting concept ...

The Accounting Review is the premier journal for publishing articles reporting the results of accounting research and explaining and illustrating related research methodology. The scope of acceptable ...