Companies use the equity method of accounting to report their investments in other entities where they have significant influence but not a controlling interest. Companies use the equity method ...

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. The term pooling of interests refers to an ...

Accrual accounting is the GAAP-preferred practice of recording all revenues and expenses when they occur, even if payment has not yet been sent or received. In business, all financial transactions ...