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Home Depot, Inc. announced a key change in accounting principals in its third quarter filing with the SEC. After adopting a new enterprise resource planning system, otherwise known in the ...

Forbes contributors publish independent expert analyses and insights. Leading writer and speaker in the area of trader tax benefits. Many crypto traders face massive tax bills for 2017. Which ...

LAKE FOREST, Ill.--(BUSINESS WIRE)--Pactiv Corporation (NYSE: PTV) today announced a change in accounting for inventories from a combination of the use of the last in, first out (LIFO) method and ...

Discover what inventory means, its essential types like raw materials and finished goods, and strategies for effective inventory management to enhance your business’s efficiency.

A small business must decide on how it will account for the inventory of goods it sells. The decisions can have a substantial effect on taxable income. An owner can choose how to value inventory, the ...

Whether you sell laptops, screwdrivers or fine art, cost of goods sold (COGS) is a major part of your accounting. COGS makes the difference between your total sales revenue and your gross profit, the ...