ADM down 6% as more accounting errors arise, profit forecast cut
Archer-Daniels-Midland shares fell 7% premarket on Tuesday after the global grains merchant cut its adjusted annual profit forecast and said it would amend its previous financial statements after ...
When Should a Company Recognize Revenues on Its Books?
According to generally accepted accounting principles (GAAP), there are two criteria a company must meet before it can record ...
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FASB issues new, long-anticipated income statement expense rules
Compliance with the standards update “isn’t going to be cheap” for many firms, but the FASB has taken steps to reduce the ...
New Corporate Expense Reporting Promises Investors More Clarity
Investors are slated to get their hands on new details about major costs that drive corporate income from rising payroll ...