Business bookkeeping gets very complex, with divisions and subsidiaries requiring their own set of accounts. When the business accounting records are established, every account is titled and assigned ...

Generally speaking, most accountants and CPAs who help clients with the choice of entity focus on the tax aspect of each entity. That makes sense, but in order to help clients make fully informed ...

For accountants who have clients with multiple entities, one of the biggest bottlenecks occurs in multi-entity consolidation. This challenge is especially pronounced in one sector in particular: ...

A new accounting standard amends accounting rules for recognition of U.S. federal agencies’ inter-entity costs. The Federal Accounting Standards Advisory Board (FASAB) issued Statement of Federal ...

This paper is an extension of previous work aimed at integrating ideas in the field of database systems with accounting theory. Unlike others, however, it does not propose use of a particular type of ...

The Federal Accounting Standards Advisory Board (FASAB) and the Accounting and Auditing Policy Committee (AAPC) have proposed implementation guidance for federal-entity accounting standards and ...