New directions mandate standard balance sheet formats and comprehensive disclosures for UCBs. The key takeaway is tighter uniformity and transparency aligned with statutory schedules and accounting ...

Discover how adjunct accounts enhance financial reporting by increasing liability book values. Learn how they differ from ...

In the investment timeline, two-thirds of mid-tier firms expect to spend on technology in the next six months, a near-identical pace to their larger ...

Attention accountants and practice owners! VAT in the UK has always been one of the highest-risk areas but now it entered a new era, and it’s far less ...

The ITAT held that income appearing in Form 26AS cannot be taxed unless actually received when the assessee follows cash accounting. The ruling confirms that 26AS entries alone cannot justify ...

The horse racing world closes out a thrilling year with the 42nd edition of the Breeders’ Cup World Championships at Del Mar, with coverage exclusively across NBC, USA Network, NBCSports.com, and ...

Ted Noffey, trained by Todd Pletcher, is a top contender in the Breeders' Cup Juvenile, which will determine the early favorite for the 2026 Kentucky Derby. Trainer Bob Baffert has two top horses for ...

ST. PAUL — A Boundary Waters-scented candle, potato salad and high-performance water skis are just a few of the products vying for the title of “Coolest Thing Made in Minnesota.” The first ...

New York Thoroughbred racing will soon see added betting interests in some races after the New York State Gaming Commission adopted Aug. 25 a change to largely eliminate the use of coupled entries.

General ledger records each transaction both as a debit and a credit, ensuring balance. Understanding the general ledger aids in interpreting financial statements like balance sheets. Investors can ...

The International Financial Reporting Standards Foundation has published a set of near-final examples showing how companies can improve the reporting of uncertainties in their financial statements ...

Artur is a copywriter and SEO specialist, as well as a small business owner. In his free time, he loves to play computer games and is glad that he was able to connect his professional career with his ...