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 ...

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 Financial Accounting Standards Board, which sets the rules for business accounting in the United States, says the objective of financial reporting is to provide current and potential investors and ...

What Else Do Financial Records Include? Other than the most common line items found in financial statements, investors can also read the lesser known items, such as the footnotes, which often contain ...

IN CERTAIN INSTANCES CPAs SHOULD CONSIDER preparing and reporting on financial statements using an “other comprehensive basis of accounting” (OCBOA). Tax-basis and cash-basis, including ...

A new statement issued Friday by the Federal Accounting Standards Advisory Board (FASAB) establishes foundational concepts for federal agencies’ financial reporting. Statement of Federal Financial ...

IMGCAP(1)]Financial reporting is increasingly complex, and many companies find it challenging to comply with the disclosure requirements of the standards while providing readers with information that ...

When you apply for business funding, lenders and investors want to ensure they won’t lose money on your venture. That’s why bringing detailed financial statements to your pitch meeting is crucial.

The debate about responsible financial reporting has not been sidelined by the COVID-19 pandemic. In fact, the future of audit—and how it should adapt to changing stakeholder demands—has only grown in ...

Understand the audit reporting requirements, exemptions, and responsibilities for Section 8 companies to ensure transparency and compliance under the Companies Act, ...

Troy Adkins has 15+ years of residential property investment analysis experience and over a decade of institutional investment consulting experience. Chip Stapleton is a Series 7 and Series 66 license ...

The company said, “During the fourth quarter of fiscal 2025, the Company identified a classification error in previously issued consolidated ...