Learn about changes in accounting principles and why businesses make them, as well as the reporting and recording ...

Business owners often use accounting to measure their company's financial performance. Accounting is responsible for recording and reporting a company's financial transactions. While business owners ...

NEW YORK--(BUSINESS WIRE)--XBRL US announced today the public review of the third version of the demonstration Comprehensive Annual Financial Reporting (CAFR) Taxonomy, which now includes seven ...

With the Enron trial offering almost daily reminders of the games that executives can play with a company's financial statements, analyst Jay Taparia says investors should never take a firm's reported ...

Financial statements are written records of a business’s financial situation. They include standard reports like the balance sheet, income or profit and loss statements, and cash flow statement. They ...

Discover what condensed financials are, how they provide an overview of a company's financial status, and their essential roles in internal auditing.

There are four key financial statements your company may have: a balance sheet, income statement, cash flow statement and statement of owners' or shareholders' equity (retained earnings). A balance ...

Tax-exempt organizations are working through the biggest change to not-for-profit financial reporting in 25 years. FASB Accounting Standard Update (ASU) No. 2016-14, Not-for-Profit Entities (Topic 958 ...