We’ve shown in previous columns that GAAP reporting is unethical because it’s not fully truthful. We’ve also identified 14 myths that help perpetuate that inexcusably disgraceful condition by keeping ...

In our recent article on the flaws in return on equity, we showed how it has no correlation with several different measures of valuation. However, there is one valuation metric, price-to-book (“P/B”), ...

On Oct. 8, 2008, investors were desperate to understand why stocks were cratering and banks had quit lending. It was the height of the financial crisis. That day William Isaac, a former chair of the ...

Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. David is comprehensively experienced in many facets of financial and legal ...

Managers recognize accounting as the language of business. Accounting is a means of providing information about an organization's financial performance. The role of accounting is not just limited to ...

Inventory management is an important aspect of every retail business. To maximize profits, companies need the right amount of inventory items at all times. Inventory count determines both inventory ...

Regardless of industry, a typical accounting department operates as a cost center, albeit a critical one that supports your firm’s core operations. It’s understandable, considering the traditional ...

The first U.S. accounting rule specifically for cryptocurrency will say that companies must use a fair-value approach that would demand certain digital assets be measured at what they would trade for ...

The bursting of the stock market bubble has left many private defined benefit pension plans underfunded, raising some concerns about the effects on cash flows and, for a few firms, on financial ...

Learn how mastering accounting aids investors in asset valuation, credit analysis, and risk assessment, leading to more informed and profitable investment decisions.

Our November column challenged the status quo by using the “Four-Way Test” to show that GAAP-based financial reporting is unethical. As if that situation isn’t bad enough on its own, GAAP’s ...