Discover the key differences between IFRS and GAAP accounting standards, and learn how they impact financial reporting for ...

Discover the three essential financial statements required by GAAP: income statement, balance sheet, and cash flow statement, ...

The window for “wait and see” is closing. Companies must have a clear AI adoption road map for finance and audit in 2026.

The Financial Accounting Standards Board, FASB, is a private, independent organization that since 1973 has been given the authority by the U.S. Securities and Exchange Commission, or SEC, to establish ...

The Federal Accounting Standards Advisory Board is looking for input on some proposed changes in accounting standards for the federal government in the area of leases. Processing Content The changes ...

Private and governmental entities use separate accounting standards to create their financial statements and manage their funds. Without knowing the differences between the standards, it is harder for ...

Explore the major 2026 changes to UK accounting, including FRS 102 lease amendments, MTD for Income Tax mandation, and new ...

IASB has shared plans that could involve addressing crypto and digital assets as part of its broader efforts to update ...

FASB to weigh whether some stablecoins and other digital assets qualify as cash equivalents, as it also decides which of over ...

In a prior article, I wrote about the appeal of counting the Federal Government as a customer, because of the size of the government’s budget, as well as its creditworthiness. In that article, I ...

Many companies and accounting firms have been focusing on new standards on revenue recognition and accounting for leases, hedging, and credit losses. But another new FASB standard — on cloud computing ...