Taxes April 14, 2026
Tax Court OKs Disallowance of Accrued Expenses
Usually, a small business owner will choose to use the cash method of accounting for simplified recordkeeping reasons.
Accounting September 30, 2025
FASB Issues Standard on Derivatives Scope Refinements
The ASU also clarifies the applicability of Topic 606, Revenue from Contracts with Customers, and its interaction with other Topics (including Topic 815 on derivatives and hedging and Topic 321 on equity securities).
Accounting September 26, 2025
More Governments Worldwide Are Slowly Shifting From Cash to Accrual Accounting
A new report from the International Federation of Accountants and the Chartered Institute of Public Finance and Accountancy captures current and future use of public financial reporting approaches by governments worldwide.