Search results
Results from the WOW.Com Content Network
Critics argue that the 2006 SFAS 157 contributed to the 2008 financial crisis by easing the mark-to-market accounting rule and allowing valuation of assets based on their current market price, rather than the purchase price. Critics claim FASB changes to mark-to-market accounting were made to accommodate "banks with toxic assets on their books ...
In 2012, Wolters Kluwer acquired Acclipse, an accounting software provider, and Finarch, an integrated finance and risk solutions. [buzzword] [3] The company's health division tested technology to identify and treat sepsis that December. [4] Wolters Kluwer acquired Health Language, a medical terminology management provider, in January 2013. [3]
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
Propædia is the historical attempt of the Encyclopædia Britannica to present a hierarchical "Outline of Knowledge" in a separate volume in the 15th edition of 1974. The Outline of Knowledge was a project by Mortimer Adler. Propædia had three levels, 10 "Parts" at the top level, 41 "Divisions" at the middle level and 167 "Sections" at the ...
Computation of income subject to tax may be determined under accounting principles used in the jurisdiction, which tax-law principles in the jurisdiction may modify or replace. The incidence of taxation varies by system, and some systems may be viewed as progressive or regressive. Rates of tax may vary or be constant (flat) by income level.
Luca Bartolomeo de Pacioli, O.F.M. (sometimes Paccioli or Paciolo; c. 1447 – 19 June 1517) [3] was an Italian mathematician, Franciscan friar, collaborator with Leonardo da Vinci, and an early contributor to the field now known as accounting.
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.