Learn what unadjusted basis is, how it works, and see examples of its application in asset valuation and tax calculations to aid in your financial decision-making.

Discover the components and calculation of original cost, including purchase price, commissions, and depreciation, to understand its impact on tax and asset valuation.

Big Four firms dominate 74% of global accounting market, influencing public company audits. Merges reduced the Big Eight to Four major firms, intensifying industry concentration. Big Four, private ...

Nearly 10 years after issuing its lease accounting standards, the Financial Accounting Standards Board is reckoning with some of the lessons learned from the project — including the ...

Washington, D.C. – Today, the Office of Management and Budget’s Cost Accounting Standards (CAS) Board, chaired by the Office of Federal Procurement, published two proposed rules to eliminate more than ...

U.S. businesses are facing the biggest health-insurance cost increases in at least 15 years, after already-steep boosts in recent years that have pushed the annual expense for family coverage high ...

The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their ...

In the world of corporate governance and financial transparency, the term cost audit holds a vital place. While organizations regularly conduct financial audits to review profit and loss statements, a ...

This paper examines the role of cost accounting in public financial management, focusing on budget credibility, performance-based budgeting, public procurement, and corruption detection. Despite ...

Nick Chandi is the CEO of Forwardly, an award-winning B2B payment platform that helps US businesses send and receive payments faster. Why, still, won't manual accounting die? AI tools and cloud ...

To determine the value of ending inventory and, ultimately, margins, many retailers have stuck with an accounting practice known as the retail inventory method — in some cases for more than 100 years ...