Cash basis accounting records when cash actually changes hands in a transaction, providing a real-time view of your financial position that reflects the actual cash flow of a business or individual.

The repeal of sales tax on most grocery items cost the city of Loveland $10.4 million in revenues in 2024, but gains in other sectors softened the blow to the general fund, according to ...

Service revenue is reported on the income statement under operating revenues, reflecting earnings from core business ...

If phantom income is not properly analyzed by counsel and the court in a matrimonial case, the result perforce may be ...

Golub Capital BDC, Inc., a business development company (Nasdaq: GBDC), today announced its financial results for its first fiscal quarter ended December 31, 2024.

Payroll professionals frequently encounter confusion when calculating pay and leave accruals due to the difference between a 52-week year and a ...

Companies that use accrual accounting can book revenue ... auditor's reliability—when companies utilize the equity method for accounting in situations where they appear to control the subsidiary.

Accrual-Based Earnings Management Accrual ... to reduce taxable income or smooth earnings. Although this method may comply with accounting rules, it can create misleading financial statements ...

Equifax® (NYSE: EFX) today announced financial results for the quarter and full year ended December 31, 2024. Fourth quarter ...

Fourth quarter 2024 revenue of $1.419 billion up 7%, with 9% local currency revenue growth, despite weaker U.S. hiring and mortgage markets. Fourth quarter U.S. Mortgage ...