The following article is based on a chapter from Aswath Damodaran's book Investment Fables. Everyone loves a good bargain! Who doesn't enjoy finding something they wanted on sale? But much like the ...

In our recent article on the flaws in return on equity, we showed how it has no correlation with several different measures of valuation. However, there is one valuation metric, price-to-book (“P/B”), ...

Luca Pacioli’s groundbreaking text on bookkeeping, accounting and mathematics, Somma di arithmetica, geometria, proporzioni e proporzionalità, also known as the Summa de Arithmetica, sold for ...

Refinancing a business property is similar to refinancing any type of loan. Typically, a refinance allows the business owner to renegotiate the terms of the loan, including length of the note, ...

Small businesses keep revenue, expense and income summary reports, often referred to collectively as the books, to know exactly how much money is going in and out of the business. At the end of each ...

The IRS has provided procedures (Rev. Proc. 2018-60) under which a taxpayer may obtain automatic consent to change a method of accounting to comply with Sec. 451(b), as amended by the law known as the ...