Your business accounting system can do more than just keep track of your money inflows and outflows. It can help increase your profits by eliminating waste and money lost due to missing deadlines.

Financial accounting procedures are used to make sure certain processes are done in specific ways to minimize errors and losses. Standardization is the key to manage the accounting function, making ...

The IRS has issued new guidance on automatic accounting method changes. Revenue Procedure 2009-39 provides certain additions, modifications and clarifications to Revenue Procedures 2008-52 and 97-27 ...

The American Institute of CPAs has recommended to the IRS that taxpayers making an accounting method change for mischaracterized research and experimental expenditures under Code Section 174 should ...

The Internal Revenue Service is proposing procedures for how a taxpayer can ask for automatic consent to change an accounting method in preparation for the Financial Accounting Standards Board’s new ...

February 24, 2005 TORONTO, Ontario - In late February, Alarmforce Industries announced it restated its financial statements for the first three quarters of the year that ended Oct. 31, 2004, and the ...

Taxpayers affected by the tangible property regulations will have more time to file Form 3115, Application for Change in Accounting Method, under Rev. Proc. 2011-14 according to revised procedures ...

The town of Wallkill's accounting department needs to formalize its policies and procedures and do a better job separating job duties to reduce financial risks. Those are just a few of the findings of ...

This story appears in the March 14 print edition of Transport Topics. Long-awaited nationwide lease accounting standards will require fleets to take a close look at their accounting procedures to ...