Equity accounting is a method of reporting a company's profits from the operations of an affiliated company that it has an interest in but does not own outright.

Direct Write-off method. This method allows a company to write off the debt after an account is deemed uncollectible.

Forensic Accounting Methods. Forensic accountants are accountants that have specialized training and often receive special designations such as Certified Fraud Examiner (CFE) by the Association of ...

Equity Method of Accounting An influential investment in an associate is accounted for using the equity method of accounting.

While the AIS aims to improve voluntary compliance in income tax filing, the system’s early-stage flaws are causing more ...

According to the cash system, accounting entries should be updated as per the cash flows of the company. The method of accounting opted for the assessee determines the accuracy of the income reported ...

A new accounting of accounting firms shows they are changing ownership in greater numbers — and more often than not, private ...

Cost accounting is also more accurate because it leverages the actual cost of inventory, according to Mike Sansone, partner in Kearney’s consumer practice.

When firms start chasing efficiency at the expense of expertise, or lean too hard on data and lose sight of relationships, ...

Private equity executives counter that much of the value of an accounting firm lies in its reputation and they are no more likely to risk it than partners or public company executives.