The Federal Accounting Standards Advisory Board is proposing changes in how the federal government accounts for tax expenditures. FASAB chairman D. Scott Showalter said Friday the board is seeking ...

Not unlike the last minute procedural guidance released at the end of last year addressing Section 174, on December 22, 2023, the Department of the Treasury (Treasury) and the Internal Revenue Service ...

One of the most important rules in accounting is the matching principle. This rule requires that revenues be recorded in the same periods as the expenses spent to produce them, just as it requires ...

Although accounting deals with the cold hard facts that numbers provide, it also involves subjective decisions and judgment calls. One gray area is the question of whether to include information that ...

Understanding why local parks and recreation budgets are set at particular levels is an interesting but difficult area in which to conduct research. In order to help clarify some of the important ...

Accountant general Andreas Antoniades told the House public expenditure committee this week that the treasury plans to introduce accrual accounting for revenues and expenses, on an unofficial basis, ...

On the 24th, the Board of Audit and Inspection pointed out that the National Health Insurance Service (NHIS) significantly underestimated the amount to be paid as future insurance benefits during the ...