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

Discover how Statements of Financial Accounting Standards (SFAS) guide U.S. accounting principles. Learn about their impact and why they've been replaced.

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Accounting principles help hold a company’s financial ...

Change is the one constant. And 2022 is bringing changes for the accounting and auditing field as policymakers debate tax frameworks and standard-setters consider new reporting guidelines for ...

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 ...

The Financial Accounting Foundation released a report that found the Private Company Council has been performing its duties effectively in representing the views of privately held companies and ...

Many companies supplement GAAP financial reporting with individually tailored accounting information. While these non-GAAP disclosures might provide useful information about an entity, financial ...

The changing environment in the economy has been a massive influence on the business and political world. In particular, constant change has had an impact on where companies and people choose to put ...

The Big Four accounting firms and financial companies, among others, are hiring sustainability experts to help companies make plans for going green.

The City of Amarillo announced it earned two awards from the Government Finance Officers Association for governmental accounting and financial reporting, after its financial reporting for the fiscal ...