So, Caratan set out to change that — and in 2019, she created SFSU’s first academic course focused exclusively on not-for-profit accounting, which she has taught at SFSU and at her alma mater, Santa ...

This is not some theoretical construct. Profit maximization is supported by powerful enforcement mechanisms. Remember, in 2017 P&G got into a heated proxy fight with activist investor Nelson Peltz ...

It is this accounting profit which is the starting point for assessing whether there are under-taxed profits, even if tax is charged on the cash profit. The arm’s length requirement.

Unlike for-profit companies that must account for their earnings, not-for-profit accounting must clearly show how the organization’s financial resources are being used to accomplish its mission. That ...

Many accounting firms run up against the dreaded profit plateau for a simple reason: The owner is too involved. All CPA firms start small, and that ultimately means the business — especially in its ...