Take an in-depth look at the treatment of revenues and expenses within the accrual method of accounting and learn why many ...

Due to the recent turmoil in the credit markets, creditors and borrowers alike are evaluating the tax treatment of interest accruals related to troubled loans. Generally under Treas. Reg. § 1.446-2(a) ...

When it comes to operating a business, some of the most important metrics to track include the amount of revenue coming through the door, and whether that's sufficient to pay for the various costs ...