When a business recognizes an expense from bad debt, it is unlikely that the cash flow statement will be affected directly. For a transaction to be included on the cash flow statement, it requires ...

In separate proposals issued Tuesday, FASB addressed balance sheet classification of debt and the disclosure requirements for inventory under the board’s Disclosure Framework. The proposed Accounting ...

Jens Nordvig, a currency analyst at Nomura, has produced a useful chart for understanding how the government shutdown and debt ceiling standoff might go from here. His flow chart below both shows ...