Business bookkeeping gets very complex, with divisions and subsidiaries requiring their own set of accounts. When the business accounting records are established, every account is titled and assigned ...

LONG ISLAND, N.Y. — Starting a business can be both exciting and daunting, and while the potential upside can seem promising, the path for a startup may be packed with pitfalls, especially those that ...

For accountants who have clients with multiple entities, one of the biggest bottlenecks occurs in multi-entity consolidation. This challenge is especially pronounced in one sector in particular: ...

Growth is great! With it, however, comes much to contemplate. When an accounting firm acquires or merges with another firm to expand its capabilities and market reach, its owners must consider how ...

FASB proposed two standards changes that are designed to reduce complexity in accounting for income taxes. For public business entities, the proposed changes would take effect for annual periods, ...

The full adoption of the International Financial Reporting Standards or IFRS that started in 2005 has posed a big challenge for many entities. The complexity, real or perceived, of either the full ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...