Expenses are the costs of doing business to gain revenues, and they are accrued when they are incurred but not paid in the same period. Since the expense still applies to the period it was incurred, ...

Pension expense signals an employer's annual cost for maintaining an employee's pension plan. Employers who provide a pension plan must calculate and disclose plan assets and liabilities on an income ...

A profit and loss statement summarizes a business’s revenue and expenses. Learn how to use a profit and loss statement to understand your business better.

Discover how accounts payable function as short-term liabilities, not expenses, and learn how they impact a company's financial position and cash flow management.

GASB on Wednesday issued a proposed concepts statement addressing recognition of financial statement elements as well as a call for feedback on preliminary views on revenue and expense recognition ...

The Financial Accounting Standards Board released an accounting standards update Monday to improve financial reporting by requiring public companies to disclose, in their interim and annual reporting ...

J.B. Maverick is an active trader, commodity futures broker, and stock market analyst 17+ years of experience, in addition to 10+ years of experience as a finance writer and book editor. Amy is an ACA ...

Each year, generally in March or April, commercial tenants with pass-through costs included in their lease agreements, receive from the property owners the Annual Operating Expense Reconciliation ...