Discover the three essential financial statements required by GAAP: income statement, balance sheet, and cash flow statement, ...

Discover the key differences between IFRS and GAAP accounting standards, and learn how they impact financial reporting for ...

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

The new chapter will become Chapter 2 of FASB Concepts Statement No. 8, Conceptual Framework for Financial Reporting. It's similar to the rest of the framework, establishing concepts that FASB would ...

A landmark research study by the Governmental Accounting Standards Board has provided one of the most detailed examinations to date of how state and local governments in the United States use GAAP.

It should be no surprise that accounting standards have become more complex over the years. Transactions have become increasingly challenging as new products and services emerge and financial ...

GASB issued guidance Monday designed to improve the accounting and financial reporting requirements for accounting changes and error corrections. GASB Statement No ...

The accounting profession has experienced a transformative year in 2025, with changes that are reshaping how financial ...

Ole-Kristian Hope is the Deloitte Professor of Accounting at the University of Toronto's Rotman School of Management. He teaches Commerce, MBA, and PhD courses in accounting. He has broad research ...

Forbes contributors publish independent expert analyses and insights. Mary Foley covers ESG & sustainability regulation. Meanwhile, as these naysayers were bickering about the details of each ...

The changing environment in the economy has been a massive influence on the business and political world. In particular, constant change has had an impact on where companies and people choose to put ...

IASB has shared plans that could involve addressing crypto and digital assets as part of its broader efforts to update ...