Mike Kappel is the Founder of Patriot Software, LLC. Like it or not, managing your accounting books is all part of being a business owner. And if you’re like the majority of entrepreneurs ...

Both are prone to significant deviation from underlying economic reality because they both rely on the same flawed accounting rules. That book value can be written down at management’s ...

In fiscal year 2018, CNH Industrial will adopt updated FASB accounting standards for revenue recognition (ASC 606) and retirement benefits accounting (ASU 2017-07) for U.S. GAAP reporting purposes.