We’ve shown in previous columns that GAAP reporting is unethical because it’s not fully truthful. We’ve also identified 14 myths that help perpetuate that inexcusably disgraceful condition by keeping ...

Discover the key differences in inventory accounting between GAAP and IFRS, including valuation methods, write-down reversals ...

In our recent article on the flaws in return on equity, we showed how it has no correlation with several different measures of valuation. However, there is one valuation metric, price-to-book (“P/B”), ...

On Oct. 8, 2008, investors were desperate to understand why stocks were cratering and banks had quit lending. It was the height of the financial crisis. That day William Isaac, a former chair of the ...

Daniel Burrus spoke plenty Monday about how technology is changing rapidly and how accountants must be better anticipatory thinkers to serve organizations and clients in the future. Burrus, an author, ...

Managers recognize accounting as the language of business. Accounting is a means of providing information about an organization's financial performance. The role of accounting is not just limited to ...

Regardless of industry, a typical accounting department operates as a cost center, albeit a critical one that supports your firm’s core operations. It’s understandable, considering the traditional ...

Discover the key assumptions of accounting postulates and their role in shaping accounting standards, including revenue ...

Our November column challenged the status quo by using the “Four-Way Test” to show that GAAP-based financial reporting is unethical. As if that situation isn’t bad enough on its own, GAAP’s ...