Learn what an amortization schedule is, its importance for loans and intangible assets, and how to calculate it using a ...

Accurate reporting and complying with Schedule Foreign Assets (Schedule FA) and Foreign Source Income (Schedule FSI) in income tax returns is mandatory under the Black Money (Undisclosed Foreign ...

Among the important characteristics of accounting information is the clarity of the financial data being reported and evaluated by owners and managers. Sometimes, a few simple numbers may paint the ...

The Income Tax Department urges taxpayers who omitted foreign assets (FA) or foreign income from their original ITR to file a revised return before December 31. This corrects any omissions or ...

EVEN WITH THE GUIDANCE IN FASB STATEMENT NO. 142, th e useful life of certain intangible assets is difficult to judge, particularly assets that involve contracted or other legally set terms. Companies ...

The Income Tax Department of India has intensified its efforts to track foreign income and assets held by resident taxpayers. Leveraging global data-sharing networks under the Common Reporting ...

Please note: This item is from our archives and was published in 2013. It is provided for historical reference. The content may be out of date and links may no longer function. The IRS says that ...

A business must possess enough funds to pay current financial obligations at all times to ensure continuity of business operations. Fixed-assets-to-net-worth ratio is an accounting tool that shows you ...