How Should a Change in Accounting Principles Be Recorded and Reported?

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

Compiled vs. Certified Financial Statements: Key Differences Explained

Discover the key differences between compiled and certified financial statements, including auditing, reliability, and ...
Accounting Today

FASB completes conceptual framework

The Financial Accounting Standards Board released a new chapter of its Conceptual Framework on the measurement of items recognized in financial statements, while also drawing that long-running project ...
JournalofAccountancy

FASB issues new chapter of its Conceptual Framework

FASB on Wednesday issued a new chapter of its Conceptual Framework related to the recognition and derecognition of an item in financial statements. The chapter, Chapter 5 of FASB Concepts Statement No ...
Forbes

20 Vital Strategies For Accurate And Reliable Company Financial Statements

Business decisions are often driven by data, so the accuracy and reliability of financial statements are paramount. One misstep in financial reporting can have far-reaching consequences, eroding ...
Accounting Today

IASB looks to improve statement of cash flows

The International Accounting Standards Board has embarked on a research project to review and improve the requirements for the statement of cash flows and related matters in International Financial ...
JournalofAccountancy

Amendment clarifies CPAs’ financial statement preparation engagements

The AICPA Accounting and Review Services Committee (ARSC) voted Wednesday to issue an amendment clarifying that a CPA preparing financial statements as part of a consulting services engagement ...