Wikipedia is a good source of infor­mation about a variety of topics. I’m pleased to find that it’s generally pretty good about accounting too. The article on the Balance Sheet contains “case studies” showing the effect of some trans­ac­tions on a very basic balance sheet. As well, I’d never seen non-current liabil­ities referred to as […]

More →

FASB is coming out with some tough new standards relating to defined benefit pensions that is expected to result in signif­icant new liabil­ities (or increases to existing ones) for companies that had been accounting for their pensions under the more lax require­ments of the old standard. Defined benefit pension plans are definitely the more complicated […]

More →