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

Learn about accounting interpretations, why they matter, and how they clarify standards, prevent errors, and provide consistency in financial reporting.

The Financial Accounting Standards Board and the Private Company Council have released an invitation to comment on their proposed decision-making framework for determining when exceptions to ...

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

In recent years, the demands of international business have forced the accounting profession to examine how it records transactions and creates financial reports. With the growth in Internet commerce ...

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 ...

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

In early 2020, the COVID-19 pandemic added another element of business disruption for organizations to manage while the effective dates to comply for FASB’s new lease accounting standards were quickly ...

The International Ethics Standards Board for Accountants outlined its views of eight fundamental elements of an ethical ...

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

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 ...