The International Financial Reporting Standards Foundation has published a set of near-final examples showing how companies can improve the reporting of uncertainties in their financial statements ...

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

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

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

A statement of shareholder equity can tell you if your business is doing well or if it's time to fine-tune some of your ...

Accounting professionals are accustomed to complying with accounting standards. Generally accepted accounting standards set the guidelines for reporting financial transactions in the United States.

Learn about footings in accounting: how they function in balance sheets, their importance in finalizing balances, and a ...

Assets, liabilities, owner's equity, revenue and expenses -- the five main elements of accounting -- each affect a financial statement differently. How each element affects a financial statement, ...

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

Q. Is there an inexpensive, easy-to-use, third-party add-on solution for achieving drillable financial statements when your small business accounting system does not offer that functionality? A. I am ...

FEW ISSUES INVOLVING THE PREPARATION of financial statements in conformity with generally accepted accounting principles have been more elusive and difficult to address and resolve—or of greater ...

Even sophisticated construction businesses can struggle to interpret their financial statements. In this industry, ...