For years, accounting has been seen as a back-office function focused on compliance, managing financial records and ensuring ...

Learn about the benefits of cost accounting, how it differs from financial accounting, and the role it plays in businesses.

Moment Makers Group / Getty Images Despite major efforts by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB), significant differences remain ...

Here's a breakdown of what unfolded: The story begins with an even earlier accounting scandal involving ... account nobody in state government could explain. Loftis found himself in a similar ...