This year has been wrought with financial turmoil for nearly all Americans. From low-wage workers to small business owners, millions of Americans have experienced financial stress courtesy of the ...

Lawmakers at every level of government currently have a unique opportunity to end the confusion and distortion surrounding the ways governments calculate their finances and report them on their ...

When the Governmental Accounting Standards Board issued Statement 34, requiring government-wide accrual accounting and modified accrual accounting for governmental funds, it improved financial ...

But they shouldn't be. Governments and nonprofits take our tax and contribution money to provide valuable services--shouldn't we be making sure that they're making good use of our money? (To get ...

The number of countries reporting their financial positions on an accrual basis is expected to increase from 37 to 98 by 2023, jumping from 25 percent to 65 percent, according to a new report. The ...

Accrual accounting is the preferred approach for companies reporting their financial statements under generally accepted accounting practices (GAAP), which are issued through the standards of the ...

South Africa committed itself to improved transparency, comparability, and accountability in public sector financial reporting by moving from cash-based accounting to accrual accounting. The ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Chip Stapleton is a Series 7 and Series 66 ...