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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.

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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

A Guide to IRS Mileage Rates for 2022 Taxes

A Guide to IRS Mileage Rates for 2022 Taxes

Internal Revenue Commissioner Charles Rettig announced on June 9th that there’ll be increases in the agency’s mileage rates for 2022 taxes, a decision that coincided with members of Congress surmounting partisan differences and clamoring for increases. The changes are...

FASB plans new standards

FASB plans new standards

Summary provided by MaterialAccounting: This article provides information about The FASB's plans for future accounting standards. -- The Financial Accounting Standards Board is making plans for its future projects, including digital assets, intangibles, government...

May 2022 GASB Update: Statement No. 99 Explained (GASB 87 & GASB 96)

May 2022 GASB Update: Statement No. 99 Explained (GASB 87 & GASB 96)

Summary provided by MaterialAccounting.com: This article provides an update to the GASB standards. GASB 99 discusses additional info on GASB 87 and GASB 96.  -- On May 9, 2022 the GASB issued Statement No. 99 Omnibus 2022 (GASB 99) providing clarification guidance on...

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...