Tax reform, advances in both technology and the capabilities of hackers, and a host of other developments are creating lots of new liability risks for accountants. Deb Rood, risk control consulting ...

Aid in the calculation of key financial ratios, such as the debt-to-equity ratio and current ratio, which influence ...

In accounting terms, a liability is an amount that you owe a creditor. Liabilities generally fall into two categories -- current and long-term. Current liabilities include debts you owe that you ...

In 1994, the Governmental Accounting Standards Board established standards for public employee pension plans. Government and public employers have to report and account for pension benefits ...

An understatement in accounting refers to business assets given a valuation lower than their fair market value or a devaluation of liabilities to less than their actual cost. Either results in an ...

Book value is an accounting measure reflecting the company's total assets less its total liabilities but is not the most useful metric.