Under an accrual accounting system, the recognition of revenue is independent from when the cash is received. If cash or check is received at the time of providing the goods/services, then the revenue ...

This practice aligns directly with the revenue recognition principle—a fundamental part of GAAP. According to GAAP, revenue can only be recorded after it has been earned by fulfilling customer ...

Discover how Palo Alto Networks drives platformization to reduce friction for customers and its insights on Google's Wiz ...

Robotics warehouse automation company Symbotic Inc ($SYM) lost over a quarter of its market capitalization in Wednesday’s pre-market session after the company said ...

A report this past week claims PB Fintech’s management has not been completely transparent in its disclosures. So what's ...

News and in-depth features about tax, accounting, auditing, and other business topics. Published by the American Institute of CPAs ...

The AICPA resource features new guidance and terminology for financial statement preparers and auditors. The December webcast also included updates on the AICPA Accounting Standards Review Committee’s ...