About Us

MaterialAccounting strives to be a leading source of financial accounting information. We keep our readers up to date on the latest accounting news and aim to provide relevant information to anyone involved in the accounting and finance world.

Our Mission

Our mission is to simplify financial accounting for accounting professionals who seek a comprehensive resource to help grow their understanding of the subject. Whether you’re an experienced accountant or a business owner trying to expand your accounting knowledge, we are here to help.

Recent Articles

It’s Time for Accountants to Embrace Fintech

It’s Time for Accountants to Embrace Fintech

Summary provided by MaterialAccounting: This article discusses the use of fintech in the accounting industry and the reasons why it should be used.    “What comes to mind when you hear the word ‘fintech’?” Michael Ly asked the packed room during his session at...

Considering Starting a Restaurant? Here’s What You Need to Know

Considering Starting a Restaurant? Here’s What You Need to Know

Whether you’re a new owner or considering a second location, expanding within the foodservice industry is an exciting decision, but it also comes with several items to navigate. Below are a few first steps any restaurant owner should think about before opening their...

FASAB proposes changes in federal lease accounting

FASAB proposes changes in federal lease accounting

Summary provided by MaterialAccounting.com: This article discusses the recent updates from The FASAB. The update provides technical clarification and amendments on lease accounting. --- The Federal Accounting Standards Advisory Board is looking for feedback on an...

GASB releases omnibus guidance updating various standards

GASB releases omnibus guidance updating various standards

Summary provided by MaterialAccounting.com: This article highlights The GASB's updated guidance for different accounting issues.    The Governmental Accounting Standards Board issued guidance Monday to address different accounting and financial reporting issues...

Goodwill in a Bad Economy

Goodwill in a Bad Economy

Summary provided by MaterialAccounting.com: This article provides information about the value of acquired goodwill and testing for impairment in the current economy.  --- In today’s volatile economy, many businesses and non-profits have been required to write down the...