The accounting cycle consists of a series of steps that record financial transactions and produce financial statements. Some data entry steps may occur at any time during the accounting cycle, other ...

Learn about the Statement of Financial Accounting Concepts issued by FASB, outlining financial reporting principles and their role in shaping GAAP standards.

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Vikki Velasquez is a researcher and writer who has managed, coordinated, and ...

Brette Sember is a retired attorney who has been writing and editing law and legal topics for more than 25 years. She is the author of more than 40 books, is a nationally recognized expert on divorce ...

Managerial accounting is unlike financial accounting due to its sole goal of providing useful operating information to managers, as they strive to meet business goals and objectives. Financial ...

Doug Wintemute is a staff writer for Forbes Advisor. After completing his master’s in English at York University, he began his writing career in the higher education space. Over the past decade, Doug ...