A global accounting standards body aims to revamp how companies present financial information to give investors a clearer picture of performance. The International Accounting Standards Board (IASB) ...

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 ...

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 ...

Every business keeps records of its operations and transactions, and accountants take this information to produce four basic financial statements: a profit and loss statement, balance sheet, statement ...

Discover the differences, advantages, and drawbacks of single-step vs. multiple-step income statements for better financial analysis.

Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, and researcher who has assisted thousands of clients over a more than two-decade career. She is the CEO of ...

Please note: This item is from our archives and was published in 2019. It is provided for historical reference. The content may be out of date and links may no longer function. Q. I am new to a ...

The cost of formatting financial statements in Extensible Business Reporting Language, or XBRL, for small reporting companies has plunged 45 percent since 2014, according to a new study by the ...

As an increasing number of state and local governments across the country make more of their financial data available to the public online, a new report makes a case for the best way to do that. CAFR, ...