In my 20 years of reporting on myriad events, whether it be a Yankees-Red Sox skirmish, a title fight, an initial public offering or an arraignment, I've been witness to some pretty spirited dialogue.

Not all accounting systems operate the same way. While most accounting systems capture basic income and expense data, whether manual or computerized, the system used varies by the type of business.

In order to function, every business involves some form of accounting because accounting encompasses buying, selling, banking, assets, liabilities and taxes. The basics of business accounting are the ...

The IRS has issued proposed regulations to adopt the simplified tax accounting rules for small businesses under the Tax Cuts and Jobs Act. The proposals adjust thresholds, clarify terms, and give ...

The White House Office of Management and Budget’s Cost Accounting Standards Board published a final rule and a proposed rule that would eliminate “redundant” requirements.

This article was published on Sept. 3, 2025, at 2:39 p.m. on the ChosunBiz MoneyMove site. Choi Woon-yeol, chairman of The Korean Institute of Certified Public Accountants (hereinafter KICPA), ...