In accounting, what is the definition of "warrant"? What does the term solvency mean? Define in accounting terms what are retained earnings. Define the following term: Receivable turnover ratio. Define the following terms: Debits and Credits. ...
In 2014, the Financial Accounting Standards Board (FASB) issued updates on accounting for goodwill. FASB Accounting Standards Update No. 2014-02, Intangibles—Goodwill and Other (Topic 350): Accounting for Goodwill, permits aprivate companyto amortize goodwill on a straight-line basis over a pe...
20K Learn about financial accounting. Discover a financial accounting definition and principles of financial accounting. Explore the methods financial accountants use. Related to this QuestionWhat is FASB Codification? Explain in detail. What is the EOQ? What does it mean to be vested? What is no...
Financial Accounting Standards Board's (FASB) rules regarding accounting for stock options. Ways in which many companies would have been affected if they had expensed options; Change that would affect companies using the footnote approach; Intel's announcement that it does not plan to expense ...
Accounting and auditing CPE keeps you in-the-know on changes and updates from the American Institute of CPAs (AICPA), Securities and Exchange Commission (SEC), Financial Accounting Standards Board (FASB), and other standard-setting organizations. Like tax CPE, auditing CPE is key to staying cur...
When you're aware of all the different methods of accounting, it becomes clear that, as a business leader, the decision on the basis of accounting you will use in your company is important for compliance. Choosing to base your accounting method on the FASB's Generally Accepted Accounting Prin...
A good example of an accounting interpretation is FASB Interpretation No. 48, which provides clarifying remarks regarding the accounting standards outlined in FASB Statement No. 109, Accounting for Income Taxes. While on the surface, the accounting for income taxes may sound like a rather simple ...
What Does IASB Mean? Contents[show] The IASB consists of 14 members from various countries with different backgrounds in accounting, finance, and auditing. Each time the members meet, the meeting is broadcast live over a webcast, so the public can see what where the future of international acc...
In 2016, theFinancial Accounting Standards Board (FASB)amended its accounting rules, requiring companies to capitalize all leases with contract terms above one year on their financial statements. The amendment became effective on December 15, 2018, for public companies and December 15, 2019, for pri...
Yes, in the case ofpublic companies. Cash flow statements have been required by theFinancial Accounting Standards Board (FASB)since 1987.3 The Bottom Line Cash flow refers to money that goes in and out of a business. Companies with a positive cash flow have more money coming in than they ar...