Accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged. The term "accrual" refers to any individual entry recording revenue or expense in ...

A large majority of the 75 largest cities in the U.S. are in financial trouble, according to a new report. Truth in ...

This article discusses a Tax Court decision, recently affirmed by the Court of Appeals for the Ninth Circuit, concerning when ...

In the complex world of finance, businesses navigate a web of financial terms and metrics to ensure smooth operations and accurate financial reporting. One such crucial term that often comes into ...

Accrued interest is calculated on the last day of an accounting period and is recorded on the income statement. To calculate accrued interest, divide the annual interest rate by 365, the number of ...

Brunel International N.V.'s ( AMS:BRNL ) recent soft profit numbers didn't appear to worry shareholders, as the ...