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

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

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

The accounting cycle tracks a transaction until it's added to your company's financial statement. Follow this eight-step ...

A company may set its competitive sights high to make money and make more of it over time, but it must heed its accounting cycle to ensure personnel follow stipulations top leadership has established.

The Governmental Accounting Standards Board released a concepts statement Thursday to provide a conceptual framework for its work on note disclosure requirements for state and local governments. GASB ...

In a double-entry accounting system, a corporate bookkeeper records every transaction through two accounts, depending on the underlying economic event -- the other name for a transaction. The ...

Accrual basis accounting is typically the preferred method, but cash basis accounting may work for very small businesses. Many, or all, of the products featured on this page are from our advertising ...

Q. Is there an inexpensive, easy-to-use, third-party add-on solution for achieving drillable financial statements when your small business accounting system does not offer that functionality? A. I am ...

New Delhi: Companies will have to be more transparent, starting from the reporting period on 1 April by disclosing the accounting policies used in preparing financial statements that can influence the ...