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 ...

International convergence of the new revenue recognition standard may decrease as a result of clarifying revisions that will be proposed by the Financial Accounting Standards Board and the ...

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 ...

The International Accounting Standards Board has introduced a new standard to give investors more readily comparable information about companies' operating profits in one of the biggest changes to ...

The Federal Accounting Standards Advisory Board released a standard Friday for accounting and financial reporting on government-owned land and delayed the effective date due to the pandemic.

SANTA CRUZ PROVINCE, ARGENTINA - NOVEMBER 26: Glacial melting ice floats in Los Glaciares National Park, part of the Southern Patagonian Ice Field, the third largest ice field in the world, on ...

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 ...

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

THE Securities and Exchange Commission (SEC) has issued new sustainability reporting standards that will require publicly listed companies (PLCs) and large non-listed firms (LNLs) to disclose ...

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The Securities and Exchange Commission has issued new sustainability reporting guidelines expanding requirements for publicly-listed companies and large ...