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 ...

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”), ...

Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. David is comprehensively experienced in many facets of financial and legal ...

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 ...

Inventory management is an important aspect of every retail business. To maximize profits, companies need the right amount of inventory items at all times. Inventory count determines both inventory ...

The first U.S. accounting rule specifically for cryptocurrency will say that companies must use a fair-value approach that would demand certain digital assets be measured at what they would trade for ...

The bursting of the stock market bubble has left many private defined benefit pension plans underfunded, raising some concerns about the effects on cash flows and, for a few firms, on financial ...

Unadjusted and adjusted accounting balances are part of the accounting cycle for any business that reports its financial records. Accountants take the unadjusted accounting numbers and create adjusted ...

Here are some common methods of measuring the value of an investment. When evaluating which investments to add to or subtract from your portfolio, one factor that might influence your decision is ...

Discover what accounting insolvency means, its key differences from cash flow insolvency, and explore real-world examples to better manage financial challenges.

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 ...