Recent articles
Government Fund Accounting: Types of Funds, Leases under GASB 87 w/ Journal Entries
An overview of government fund accounting under GASB 87
FASB Amendments to Topic 842 Risk-Free Discount Rate Practical Expedient
Learn about FASB updates to discount rates under ASC 842.
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Benefits of Lease Accounting Software for Dual-Filers
Explore the benefits of accounting software for dual-filing.
Investment Accounting Methods under US GAAP Explained
What is an investment in accounting? You have probably heard of stock investments, and the term “investment” may lead you to immediately envision stocks, bonds, and mutual funds. While this...
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FASB Clarifies Accounting for Acquired Revenue Contracts with Customers
Learn about FASB’s new update about acquired revenue contracts.
Accretion Expense Accounting Explained with Full Example and Journal Entries
What is accretion in accounting? Accretion is the periodic recognition of an expense associated with an increase in the present value of a liability over time. This expense is recognized as an...