Learn what a compensating balance is, how it can affect loan terms, its role in business borrowing, plus key examples and accounting rules.

Under a recommendation approved by FASB, benefits will be valued by setting the discount rate equal to the assumed interest crediting rate.

The Financial Accounting Standards Board has voted to add a project to its technical agenda on market-return cash balance ...

The accounting cycle tracks a transaction until it’s added to your company’s financial statement. Follow this eight-step ...

The explosion of fintech companies that introduce banklike offerings has created heavy competition in the banking market. Competition is already impacting one of the barriers to opening bank accounts ...

When it comes to building out a balance sheet, an organization’s accounts payable come into play. As you work through a balance sheet, you’ll need to determine whether accounts payable are an asset or ...

If your savings balance tops $250,000, some of your money may not be protected. Here's how FDIC limits work, and what to do ...

Motley Fool Money reports that the median US household savings account balance is $8,000, with disparities across ...