Financial Accounting Standards Board Codification The Financial Accounting Standards Board (FASB) was created in 1973. FASB is responsible for reviewing significant standards from the...
Latest News - Accounting
Financial Ratios – Nike and Adidas Evaluate each company’s liquidity relative to its competitor, then compare both companies to the industry averages. Liquidity ratio refers to financial...
Tax Evasion – Carlos Ghosn Carlos Ghosn turned from a corporate messiah to a sought-after criminal. Unfortunately, his career had a terrible end despite the hours and effort he put into his...
Ethical Dilemma – Ethical Considerations in Budgeting Honesty is an important virtue in any budgeting process. If the information presented doesn’t reflect the actual expected expenditure for...
Response – Leadership and Culture in Innovation: Apple and Netflix Collete, Great post! I agree with you that traditionally, core competencies composed of technical skills and structures that...
Response – Ethics and Financial Reporting I agree with you, Paul; senior managers are increasing the percentage of completion for personal financial gain. The company must set appropriate...
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