When your business uses accrual accounting, expenses are recognized when a product or service is used instead of when it is paid for.. For example, your business may hire a cleaning crew quarterly to ...

The Federal Accounting Standards Advisory Board (FASAB) issued a proposal Thursday that would amend requirements for a reconciliation between budgetary and financial accounting information established ...

Journal of Accounting Research, Vol. 44, No. 2, Current Topics in Accounting Research (May, 2006), pp. 297-339 (43 pages) Numerous accounting studies claim that investors fail to rationally price ...

Accountants often talk about booking an accrual journal entry or having to accrue a transaction, and if that is not your industry, you might wonder what they mean by this. In short, Accountants need ...

Recent research has linked the reduction of abnormal accruals to corporate governance metrics. The results of these studies, however, are based on samples taken from periods prior to promulgated board ...

After a report on the lucrative benefit package a former state university president received upon leaving state government, changes could be in store for the compensation of public higher education ...

In Chief Counsel Notice CC-2001-010, the IRS announced a change in its litigation position that certain taxpayers must use the accrual method of accounting. The IRS previously had told many cash-basis ...

Gov. Charlie Baker’s proposed 1,000-hour (125 day) limit on sick- and vacation-time accruals for executive branch employees, including higher education employees, is the third attempt after two were ...

New recommendations for overcoming issues related to cancer clinical trial accrual have been published online in the Journal of Oncology Practice. Following a National Cancer Institute (NCI) and ...