NORWALK, Conn.--(BUSINESS WIRE)--The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update (ASU) that would make targeted improvements to the accounting ...

The Inflation Reduction Act (IRA) of 2022 significantly changed the U.S. Federal income tax code, including introducing the new Corporate Alternative Minimum Tax (CAMT). The CAMT is a parallel tax ...

Learn how the lower of cost or market (LCM) method helps value inventory accurately by using the lesser of historical cost or market value, key for GAAP compliance.

Washington (July 23, 2004)--The Securities and Exchange Commission released for comment a proposed new rule that would require hedge fund advisers to register with the commission under the Investment ...