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

The Accounting Standard Update aims to clarify existing reporting requirements, in part by creating a comprehensive list of interim disclosures that are required in interim financial statements.

The pressure to establish an ESG reporting framework is mounting as various regulatory bodies issue guidance. Despite looming compliance standards, new research from the Visual Lease Data Institute ...

The Governmental Accounting Standards Board released a new standard to improve the financial reporting for state and local ...

Leaders with their finger on the pulse of sustainability reporting see an opportunity for accountants to create value. They also see that challenges such as interoperability and capacity building will ...

Given new standards, changes in the economy, and corporate trends, accounting and financial reporting seem to grow more complex every year. The Financial Accounting Standards Board (FASB) has tried to ...

While large corporations and publicly traded companies must follow the financial accounting, small businesses have the choice of using either the financial accounting method or the tax accounting ...

The cost of your inventory has significant effects on your company's cost of goods sold, net income and calculation of assets. Unfortunately, inventory does not hold its value indefinitely; the money ...

Explore the key differences between successful-efforts and full-cost accounting methods for oil and gas companies, including their impact on expenses and financial transparency.