In contrast to the traditional taxable income-based method of calculating tax expense, under financial accounting standards, corporate income tax expense is instead derived from liability for current ...

Assets and expenses are two important accounting concepts elemental to understanding your company’s performance. While both assets and expenses have a debit balance on your business’s financial ...

Learn how to analyze a company's balance sheet, including assets, liabilities, and equity, for smarter investment decisions.

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Forbes contributors publish independent expert analyses and insights. David John Marotta is a financial advisor covering financial planning. Typically, your financial plan contains assets, liabilities ...

There are several points on which American generally accepted accounting principles (GAAP) differ from international standards. In 2011, the American and international accounting boards worked ...

Asset management is an integral part of accounting basics that deals with the monitoring and maintenance of valuable items owned by an individual or an entity. Assets contribute significantly to the ...

When investing, assessing a company’s assets and liabilities is a basic requirement to determine what the company is worth. Thankfully, public companies file their financial statements with the ...

Assets generate income and appreciate in value, while liabilities drain resources and depreciate over time. Do you want to improve your net worth? Probably so. But if you’re like many people, you ...