Learn how the flow of costs impacts manufacturing firms, covering raw materials, work-in-process, finished goods, and cost of goods sold with practical examples and methods.

Getty Images Under the FIFO method, the securities credited first to a demat account are considered the first to be sold. Taxation of equities is a crucial aspect of investing that every investor must ...

The International Financial Reporting Standards Foundation has published a set of near-final examples showing how companies can improve the reporting of uncertainties in their financial statements ...

To determine the value of ending inventory and, ultimately, margins, many retailers have stuck with an accounting practice known as the retail inventory method — in some cases for more than 100 years ...

Senate Republicans used their majority on Monday to set a new budgeting precedent, disregarding longstanding rules affecting which bills can be shielded from a filibuster. By Andrew Duehren Reporting ...

The Internal Revenue Service has released Rev. Proc. 2025-23, which updates the list of automatic procedures for taxpayer-initiated requests for changes in methods of accounting. Processing Content An ...

In Rev. Proc. 2025-23, the IRS on Monday provided a comprehensive, updated list of changes in tax accounting methods to which the automatic change procedures in Rev. Proc. 2015-13, as subsequently ...

With the trade war likely averted—for now—investors don’t have to worry about many more surprises from retailers right?