Current Issues in Financial Accounting

Imagine a company that compensates a key employee with first, a cash salary of $80,000. Second, a...

When does a sale get reported in the books? Let's use a real company example to illustrate the su...

Long-term assets such as buildings and equipment are reported in the balance sheet at their histo...

From 1976 through 2018, the accounting for leases was among the most deceptive accounting practic...

For large companies, the most commonly discussed net income number is earnings per share, affecti...

It is often the case that one company will store its temporary excess cash by investing in the st...

Corporations pay income taxes just like individuals do. It's reported as the final expense in the...

For a retail company, the most important expense on the income statement is cost of goods sold. H...

What is the difference between basic earnings per share and diluted earnings per share (EPS)?...