Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Timothy Li is a consultant, accountant, ...

Although bookkeeping seems like a clear and objective endeavor, it is actually based on a set of assumptions and conventions that can affect the information you distill, changing numerical outcomes, ...

For many years now, every February, investors across the world look forward to the letter that Warren Buffett and Charlie Munger send to the shareholders of Berkshire Hathaway. The annual letter ...

What is Mid-Point Convention? an accounting convention used for the calculation of depreciation of an asset. The midpoint convention works under the assumption that an asset purchased or disposed of ...

Economic profit is a powerful tool that cuts through accounting conventions to reveal a business’s genuine value creation. Unlike traditional profit measures that appear on income statements, economic ...

A fight between two would-be buyers over reinsurer IPC Holdings Ltd. has escalated, as the companies point to different accounting conventions to assert which deal is more desirable. In its latest ...