The International Public Sector Accounting Standards Board has approved its Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities. The framework establishes the ...

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 ...

As the business world becomes closer in its financial and trade ties, many countries are moving towards International Financial Reporting Standards (IFRS), common accounting rules that define how ...

IMGCAP(1)]The recent financial crisis reminded us that financial reporting still needs improvement. Processing Content The need for more transparent financial information and financial statements that ...

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

Not-for-profit financial statement preparers would experience significant changes in practice as a result of new standards proposed Wednesday by FASB. FASB issued separate accounting standards ...

Purpose: To provide an overview of the fundamentals for basic fund accounting and the financial reporting structure within the context of higher education accounting, Generally Accepted Accounting ...

As a business owner, you understand that accounting has to be accurate, but you may not know why accounting standards – the rules with acronyms such as GAAP and IFRS – are such a big deal. If you were ...

A rule proposed Wednesday by the SEC would require U.S. public companies to disclose the ratio between what companies pay their CEOs and their median employee. SEC commissioners voted 3–2 to propose ...

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

2019 heralded the start of a financial reporting revolution, as new leasing standards came into effect-transforming company balance sheets across industries. The new guidelines require businesses to ...