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

Change is the one constant. And 2022 is bringing changes for the accounting and auditing field as policymakers debate tax frameworks and standard-setters consider new reporting guidelines for ...

Learn about accounting interpretations, why they matter, and how they clarify standards, prevent errors, and provide consistency in financial reporting.

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 ...

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 ...

MANILA, Philippines — The Securities and Exchange Commission (SEC) has issued new sustainability reporting guidelines for publicly listed companies and large non-listed entities that are in line with ...

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 ...