Learn about the positive accounting theory, how it works, and how to use it when reading financial statements.

“We also hear stories about new graduates leaving the accounting profession soon after entry, which further exacerbates the problem,” Dean Sonderegger, SVP and general manager, Canada and ...

Bruns, William J., Jr. "Diversity in Accounting Principles: A Problem, a Strategic Imperative, or a Strategic Opportunity?" Harvard Business School Background Note 193-045, October 1992. (Revised May ...

which underlies double-entry accounting, is as follows: The balance sheet follows this format and shows information at a detailed account level. For example, the balance sheet shows several asset ...

All public U.S. companies are required to prepare their financial statements as set out by the Financial Accounting Standards Board (FASB), whose standards are generally rules-based. FASB develops ...