Netweb Technologies on Saturday reported a 19.8 per cent increase in net profit to Rs 31.4 crore for the September quarter. The company had posted a net profit of Rs 26.2 crore in the year-ago period, ...

Retailers are trying to manage cost increases from President Donald Trump's tariffs. A practice known as retail inventory method accounting could affect how higher costs show up in companies' profit ...

To determine the value of ending inventory and, ultimately, margins, many retailers have stuck with an accounting practice known as the retail inventory method — in some cases for more than 100 years ...

Senate Republicans used their majority on Monday to set a new budgeting precedent, disregarding longstanding rules affecting which bills can be shielded from a filibuster. By Andrew Duehren Reporting ...

The Internal Revenue Service has released Rev. Proc. 2025-23, which updates the list of automatic procedures for taxpayer-initiated requests for changes in methods of accounting. Processing Content An ...

In Rev. Proc. 2025-23, the IRS on Monday provided a comprehensive, updated list of changes in tax accounting methods to which the automatic change procedures in Rev. Proc. 2015-13, as subsequently ...

The acquisition method records company buyouts, merging assets and liabilities. It includes all costs incurred, integrating them into financial statements. Investors analyze these reports to assess ...

Caught between the debt and their tax base, Republicans are considering some novel ways to account for the cost of their legislative agenda as disagreements over budget cuts look set to hamstring ...

Fleet maintenance software Fleetio has added new inventory valuation methods to its offerings: LIFO / FIFO (last-in first-out, first-in first-out). LIFO / FIFO is an accounting method for customers to ...