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

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

Discover what accounting changes are, how they affect financial statements, and why full disclosure is essential for ...

Everybody makes mistakes. When those mistakes impact your clients — whether made on the client side, or on your practice's side — they can blossom into huge problems. Some of the most common mistakes ...

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 Financial Accounting Foundation said Tuesday that it will contribute up to $3 million to the International Financial Reporting Standards Foundation to help complete some of their joint accounting ...

FASB’s new model for impairment of financial instruments is clearing hurdles as the board pursues a different path than its international counterpart on expected credit loss. The revised credit ...

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 ...

The coronavirus pandemic has the potential to create significant changes for CPAs who prepare company financial statements — and for auditors as well. In the face of disruptions to global supply ...