Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. A financial professional will offer guidance...

They expect more pain — as well as new government policies — as the sector shakes out. The I.R.S. eventually questioned the transactions and required...

Companies record accounts receivable as assets on their balance sheets because there is a legal obligation for the customer to pay the debt. They are...

11 Financial’s website is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and...

A key advantage of the accrual basis is that it matches revenues with related expenses, so that the complete impact of a business transaction can...