Accountant general Andreas Antoniades told the House public expenditure committee this week that the treasury plans to introduce accrual accounting for revenues and expenses, on an unofficial basis, ...

A prepaid asset is an expenditure of money in advance of when the money is due. For example, you might pay up front for a year's rent or insurance, even though the payments are due monthly. Under ...

The Journal of Accounting Research publishes original research using analytical, empirical, experimental, and field study methods in accounting research. The journal had been published since 1963 by ...

With cash accounting, bookkeeping is simple: You don't record any transactions until money actually changes hands, Accounting Tools says. With accrual accounting, you record transactions as soon as ...

Carla Tardi is a technical editor and digital content producer with 25+ years of experience at top-tier investment banks and money-management firms. Suzanne is a content marketer, writer, and ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Yarilet Perez is an experienced multimedia ...

Another major issue in revenue accounting is when to recognize or record the revenue. A common practice is to record the revenue when we receive payment (cash) from the customer. This is referred to ...

No matter if you’re day trading penny stocks or you’re looking for stocks under $10 to add to your long-term portfolio, you need to open a brokerage account before you can begin trading. Your broker ...

Learn how a trailing 12 months calculation can give you an accurate view of your business’s financial health. Many, or all, of the products featured on this page are from our advertising partners who ...

Confirm that you and your virtual bookkeeper use the same accounting software. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take ...