The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) aimed at refining derivative ...

Construction workers tend to work based on contractors they make with the owners of property. Traditionally these contractors could choose from a variety of accounting procedures to account for the ...

In a prior article, I wrote about the appeal of counting the Federal Government as a customer, because of the size of the government’s budget, as well as its creditworthiness. In that article, I ...

The World Bank's STEP System has a new Contract Management Module. This tutorial covers recording key planned dates for contracts that are ready to be signed. Click on the video to start watching.

Businesses must account for their costs and earnings each year when it comes tax time. This is usually a straightforward process, but it can be a bit more complicated if your business is one that ...

Accounting standards specify how transactions are recognized, measured, presented and disclosed in financial statements. While these standards are set by national accounting bodies, many countries, ...