Discover the crucial eight steps of the accounting cycle for accurate financial reporting and why they matter in business.

Niemotko: This month’s column was written by John Magliocco, one of my students at Marist University, describing his personal ...

Journal entries are necessary for adjusting the balances of ledger accounts for a variety of reasons, including recognizing accruals, liabilities and other expenses. If an entry posts incorrectly, it ...

When one company has an interest in another company it has equity in that company. Under certain circumstances, the appropriate way for the company to account for that investment on its own books is ...

The popularity of undergraduate accounting programs in the U.S. has been declining for years. According to a 2023 AICPA survey, the yearly number of new graduates with accounting degrees dropped 18.3% ...

Following FASB’s issuance of Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), in 2016, GASB issued Statement No. 87, Leases, in June 2017, to become effective for reporting periods ...

Successful businesses must stay on top of their accounting. Learn how to use payroll journal entries to track wages and other financial data.

The 2026 Ray Ball Journal of Accounting Research Conference will be held at the University of Chicago Booth School of Business on May 1-2, 2026. Funding for the conference is generously provided by ...

The Ray Ball Journal of Accounting Research Conference occurs annually each May at the University of Chicago. The conference is funded by the Chookaszian Accounting Research Center. The 61st Annual ...

Black individuals remain significantly underrepresented in accounting despite making up 12.7% of the US population. (Note that this article uses the term ...

Journals are created following the business rules and Chart of Accounts architecture for valid values to record and order financial information for management and reporting. Journals should contain ...