This summer, the Financial Accounting Standards Board (FASB) took its first formal steps to improve the complex topic of hedge accounting. Here are four specific issues the board has decided to target.

Small businesses can learn from bigger businesses — there are reasons why the latter grew and why they endure. So, assess whether your “small potato” customers are benefiting from some of the best practices of the “big enchiladas.”

COSO released its updated Integrated-Internal Control Framework in May 2013, acknowledging today's current business environment and retaining the principles-based internal components found in the 1992 COSO Internal Control Framework.

If you’re a collector, donating from your collection instead of your bank account or investment portfolio can be tax-smart. When you donate appreciated property rather than selling it, you avoid the capital gains tax you would have incurred on a sale.

U.S. businesses lose millions of dollars to white-collar criminals every year. The manufacturing sector is especially vulnerable to fraud schemes involving billing, corruption and noncash assets, such as theft of inventory and equipment.

Many financial executives have worried about applying the new revenue recognition standards from the FASB and IASB. Since they were published in May 2014, these standards have come under attack by companies and trade groups for various reasons.

Teenagers’ retirement may seem too far off to warrant saving now, but IRAs can be perfect for teens precisely because they’ll likely have many years to let their accounts grow tax-deferred or tax-free.

A crucial element of an effective risk response strategy is establishing a broadly accepted understanding of who owns the risk.

The Public Company Accounting Oversight Board (PCAOB) has unanimously decided to ask for extra comments on a controversial proposal that would require disclosure of the name of the lead audit partner and other participating firms in an audit.

Young people may not think factories are the most glamorous places to work. But owners of manufacturing companies know firsthand just how rewarding careers in this sector can be, both financially and intellectually. Some have found creative ways to breathe new life into their mature companies by enticing millennials to join their workforces.