Assess Your Readiness Before jumping into self-employment, critically evaluate your readiness to manage the challenges it entails. If you thrive...

Do you envision owning a new home, starting a business, or enjoying a comfortable retirement? Each of these financial goals...

The functional currency is the currency of the primary economic environment in which the entity operates. Foreign currency transactions are...

As any business grows, the need for a solid finance planning and analysis (FP&A) team increases. A strong FP&A team...

Sustainable Finance Sustainable finance involves taking environmental, social and governance (ESG) considerations into account when making investment decisions in order...

Wealth management and investment are two pillars for anyone looking for harmony of wealth and financial growth. Wealth management is...

Financial modeling is an invaluable tool for businesses, providing insight into their financial information and allowing them to make informed...

Data visualizations is the new way of presentation for financial professionals, accountants, and business analysts. As technology continues to rapidly...

Offering value through connection is a critical aspect of managing a team successfully. Through understanding how to connect with your...

Derivatives  A call (put) option is the right to purchase (sell) an asset at a fixed price (i.e., the exercise...

1. Governmental Funds Reporting Governmental funds emphasize sources, uses, and balances of current financial resources. Major vs. nonmajor fund reporting....

The comprehensive annual financial report covers all funds and activities of the primary government and provides an overview of the...

The reporting entity consists of the primary government and its component units, which is a legally separate organization for which...

An Asset Retirement Obligation (ARO) relates to a legal obligation arising from the acquisition, construction, development, or normal operation of...

Issuers sometimes retire debt before matutiry, for eg., to eliminate high-interest debt when rates are declining or to improve debt...

Securities with characteristics of liabilities and equity are convertible debt that may be exchanged for common stock of the issuer...

The asset and liability approach is used to account for income taxes The tax consequences of some transactions or events...

A warranty is a written agreement of the integrity of a product or service and an undertaking by the seller...

Accounting for the costs of developing or obtaining computer software depends on whether the software is (1) sold to external...

A franchise is a contractual agreement by a franchisor to permit a franchisee to operate a certain business Franchisee Accounting...