The new international accounting standard is aimed at more consistent reporting that’s better aligned with how businesses are ...

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 ...

For a business, shoddy record-keeping is always counterproductive, as is the overstating or understating of accounts receivable in financial statements. As a result, top leadership typically sets ...

Most people stuff their old bank statements in a drawer or toss them in the trash without a second thought. They see those monthly summaries as routine paperwork, nothing more than record-keeping ...

Preparing a financial statement is the last step in the accounting cycle before the cycle starts over in a new period. After the accounts have been adjusted and closed, the financial statements are ...

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. Katrina Ávila Munichiello is an experienced editor, ...

The footnotes to financial statements usually disclose details of accounting policy, depreciation and contingency arrangements, agreements relating to loans and leases, pension obligations, ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

The Student Information System (SIS) allows students and authorized users to view detailed listings of all financial activity on the student account. The Finances tiles on the Student Home and the ...

Integrated electronics manufacturing company Kaynes Technology on Monday clarified that there was only one accounting error ...