Discover how the FIFO method simplifies COGS calculations, using examples and comparisons to enhance your financial ...

Learn about changes in accounting principles and why businesses make them, as well as the reporting and recording ...

Learn what cost basis is and why it matters when you report crypto gains. Know how to calculate it using FIFO or LIFO and ...

Learn how to report crypto gains correctly. Know how to calculate profits, distinguish gains from income, and file taxes for trading, staking, and NFTs.

A significant proportion of firms have yet to implement new audit technologies and methods, citing poor training, lack of quality data, lack of systems access and lack of funds as the primary reasons.

Jennifer Simonson is a business journalist with a decade of experience covering entrepreneurship and small business. Drawing on her background as a founder of multiple startups, she writes for Forbes ...

Katherine Haan, MBA, is a Senior Staff Writer for Forbes Advisor and a former financial advisor turned international bestselling author and business coach. For more than a decade, she’s helped small ...

Tax season can bring up a lot of stress. That's where humor comes in! These hilarious accounting jokes will really do a number on you. Accounting is something we rarely associate with humor. After all ...

In late November AcSEC issued an exposure draft (ED) of a statement of position (SOP), Accounting for Investors’ Interests in Unconsolidated Real Estate Investments. The proposed SOP would supersede ...

Statistical methods are mathematical formulas, models, and techniques that are used in statistical analysis of raw research data. The application of statistical methods extracts information from ...

Starting in 2025, crypto exchanges will be required to send you and the IRS a Form 1099-DA, similar to how stock brokers send 1099-B forms. This form will report your crypto transactions to the IRS, ...