Earnings management is a strategy to deliberately manipulate a company's earnings so that the figures match a pre-determined ...

The five basic financial statements are the income ... ranging from inventory accounting to contingent liabilities. The goal is to increase net income, which comes with the integration of actions ...

The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by ...

Unearned revenue is a liability because it represents a company’s obligation to deliver goods or services in the future.

by applying the recognition and measurement requirements for liabilities arising from contingencies" citing the Financial Accounting Standards Board's standard on loss contingencies, as well as an ...

Truth in Accounting recently took part in a virtual event called “Citizen-Heroes Conference” aimed at exposing the true scope of U.S. government financial obligations. Economists and fiscal ...