Accounting for stuff like office supplies is simple. You spend $50 on copier paper, and you record a $50 expense in your ledger. Purchasing fixed assets such as land, buildings or equipment is more ...

A major consideration in estate planning is the transfer of assets to the next generation. There might be corn in the grain bin, a prized family tractor, farm land, and numerous other assets that are ...

FASB is seeking comments on a proposed Accounting Standards Update (ASU) that is intended to improve the accounting for purchased financial assets, requiring that all the assets — with certain limited ...

Learn how comprehensive tax allocation reconciles tax and financial reporting, uncovering discrepancies in income, expenses, ...

Assets refer to resources that can be converted into cash. Learn how assets work, the various types of assets, how to determine an asset's value and more.