The accounting profession is facing a major setback. There has been a notable drop in students pursuing accounting degrees ...

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We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. This article has ...

Under the direction of CPA Evolution Initiative the new Uniform CPA Examination has updated to test more rigorously for the kind of real-world skills that candidates will need to employ in practice.

As Mahatma Gandhi famously said, "If you don't ask, you don't get it." I bring this up because young accountants (and soon-to-be accounting graduates) are increasingly telling me they must take any ...

The March A&A Focus webcast featured a deep dive into step 4 of the five-step revenue recognition process outlined in FASB ASC Topic 606, as well as news on new auditing standards exposure drafts.

An accountant is a person who keeps or inspects financial records. These professionals are organized and detail-oriented. Since they deal with money – sometimes significant amounts ...

Reviewed by Andy Smith Fact checked by Vikki Velasquez Financial Accounting: An Overview Financial accounting is the process by which an organization's revenue, receivables and expenses are collected, ...