Learn what an onerous contract is, regulations for reporting them, and examples. Explore how IFRS and GAAP differ in handling these unfavorable contracts.

The White House Office of Management and Budget’s Cost Accounting Standards Board published a final rule and a proposed rule that would eliminate “redundant” requirements.

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Securities and Exchange Commission chairman Paul Atkins issued a warning that the SEC might eliminate a rule that allows multinational companies to present their financial statements in accordance ...

Accounting apps make it easier to manage your company's money. We've evaluated the top options based on customizability, usability, value, and more to help you find the best accounting software for ...

Spirit Airline executives who oversaw the company’s first attempt to restructure in bankruptcy and its subsequent descent into another Chapter 11 will receive millions in bonuses for staying at the ...

Cognitive dissonance happens when you hold two conflicting thoughts in your mind at the same time — like loving both hamburgers and cows. Cognitive dissonance is a theory in social psychology first ...

The double-entry system protects your small business against costly accounting errors. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you ...

In his decades-long career in tech journalism, Dennis has written about nearly every type of hardware and software. He was a founding editor of Ziff Davis’ Computer Select in the 1990s, senior ...

Spirit Airlines is citing problems with the Pratt & Whitney engines that power ultra-low-cost carrier’s (ULCC’s) fleet of Airbus A320neo-family aircraft, as well as the recent termination of leases ...

Runway arrestor systems helped stop two business jets involved in runway overruns at US airports on 3 September, according to the Federal Aviation Administration. The agency says the jets overran the ...

CBSE 10th Sample Papers 2025-26: The Central Board of Secondary Education (CBSE) has officially released the CBSE Class 10 Sample Papers 2025-26 for all subjects, marking a key step in preparation for ...