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 ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Accounting principles help hold a company’s financial ...

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 ...

The International Accounting Standards Board published a consultation document Wednesday with eight proposed illustrative examples showing how companies could apply International Financial Reporting ...

The Financial Data Transparency Act (FDTA), passed as part of the National Defense Authorization Act for fiscal year 2023, aims to enhance the interoperability of financial regulatory data across nine ...

As businesses try out decentralized systems for better reporting and oversight, the effect of blockchain on corporate finance is speeding up. The rise in interest in business ledgers often coincides ...

Nigeria’s adoption of the International Financial Reporting Standards (IFRS) has received a boost from a Chartered Accountants and Management/Financial Consultants firm – Alatta Nzewi Oyeka & Co. The ...

In the wake of the Asia financial crisis of 1997-1998, market participants raised serious concerns about the reliability of reported financial data and the use of lenient or even “creative” accounting ...

The International Organization of Securities Commissions announced their endorsement of the International Sustainability Standards Board’s recently released corporate reporting standards for ...

The eXtensible Business Reporting Language (XBRL) standard which XBRL US supports is an open, nonproprietary data standard ...