It's common these days to hear that the accounting profession is moving en masse to higher-value-added services, dropping its backward-facing, compliance-oriented drudge work in favor of forward-looking, technology-enabled advice that will unleash a new era of happy, profitable clients. This is both
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Berkshire Hathaway Inc. investors should get ready for a bumpy ride. Warren Buffett's company is scheduled to report earnings Saturday morning before its annual meeting, and a new accounting rule could sink results. Berkshire is now required to report unrealized gains and losses from equity
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Ethiopia's new leader faces a critical decision on whether to open up parts of the Horn of Africa nation's booming economy after making moves to reduce the stake of the military, former Prime Minister Hailemariam Desalegn said. Premier Abiy Ahmed inherited what the International Monetary Fund ranks
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Deferred and current tax accounting The Act has established a flat corporate income tax rate of 21 percent to replace previous rates that ranged from 15 percent to 35 percent. LS companies need to apply the new tax rate when calculating their deferred tax balances as of the enactment date and
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From about the beginning of 2017, even skeptics had to admit, India looked to be recovering from a growth slowdown. Most dramatically, in the last two quarters for which data is available, investment in physical capital — which had long been too low for growth to recover — increased by 12 percent and
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