For the first time, we are presenting in Accounting Today this edited excerpt from the prologue to Quality Financial Reporting, a book we published in 2002. Our goal is to stimulate new thinking about ...

In construction, tracking expenses and payments is critical. Learn how to manage cash flow, stay organized and keep projects ...

Conventional management accounting, or cost accounting, is a system of accounting used to provide information to managers within an organization. While many business owners may be more familiar with ...

The 2023 AICPA CGMA Virtual Teaching Symposium highlighted the importance of students’ sense of belonging and a future-focused curriculum in management accounting classes. Educators shared their ...

The best property management software with accounting integration includes key features like owner statements, CAM Common Area Maintenance fee reconciliation, and property-level reporting. I evaluated ...

How do you improve the quality of financial reporting in countries switching from a planned to a market economy? Conventional wisdom suggests these countries should simply adopt high-quality ...

Project management (PM) software is a universal need to keep track of goals, research, data, scheduling and everything else under the sun. If you have more specific needs, however, you may have to ...

Increasingly, accounting firms are establishing wealth management practices. The rationale is often twofold. One reason is to serve their clients better. The other reason is that wealth management ...

The difference between the long-term interest rates for loans and the short-term interest rates for deposits – known as the “interest rate margin” – is the main source of profitability for a ...

Management accounting is an important internal business function. Many companies use some form of management accounting to record and report their internal financial information. While financial ...

Management accounting is a critical discipline that provides internal stakeholders with financial and operational insights to support strategic decision‐making and effective control. Traditionally ...