Acting as a fiduciary isn’t always easy. A fiduciary owes many duties to the beneficiaries, and a breach of a duty can result in liability. One of these responsibilities is the duty to account.

FASB Statement no. 157, Fair Value Measurements, introduces new concepts and practices to the world of financial reporting, including some that are beginning to impact the fair value measurements of ...

The $129 trillion wealth transfer from baby boomers to their heirs presents an unprecedented opportunity for accounting professionals. Accountants are at a unique juncture where the convergence of a ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The real estate industry’s dynamic landscape and its ...

I go over the five best real estate accounting software, whether you need full property management power or just clean books without the extras. Managing property finances shouldn’t feel like flipping ...

Preparing a financial statement is the last step in the accounting cycle before the cycle starts over in a new period. After the accounts have been adjusted and closed, the financial statements are ...