On May 28, 2014, the Financial Accounting Standards Board and the International Accounting Standards Board issued “sweeping, generally aligned standards on revenue reporting that were 12 years in the making,” according to an article in Bloomberg … [Read more]
“If you can read a nutrition label or a baseball box score, you can learn to read basic financial statements. If you can follow a recipe or apply for a loan, you can learn basic accounting. The basics aren’t difficult and they aren’t rocket … [Read more]
A corporation (Inc.) is one of the first types of business entities ever formed in the United States. A limited liability company (LLC) has only been around since 1977 when Wyoming became the first state to allow LLC formation. LLCs have some of the … [Read more]