At the end of every year or other accounting period, accounts dealing with inventory require some adjustments. The purpose of making these adjustments is to update account balances so that they ...

Journal entries are the basic, essential building blocks that are used to create a company's balance sheet and income statement. Adjusting journal entries are used by all companies that comply with ...

DOD uses accounting adjustments to record corrections or changes in its financial systems. Such adjustments should be accompanied by documentation showing why the change was needed. Some accounting ...

For February 26, 2018, my forensic accounting red flag is a tire company with a significant change to accounting policy. I pulled this highlight from yesterday’s research of 128 10-K filings, from ...

The U.S. Army made trillions of dollars worth of improper accounting adjustments to cover budget problems, Reuters reported Friday. {mosads}In a June report, the Inspector General of the Defense ...

Brex reports T-accounts as essential visual tools in accounting that clarify how transactions impact debits and credits, ...