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

Discover how the Accounting Principles Board (APB) set foundational accounting standards and influenced today's GAAP under the FASB in the financial reporting world.

For the black-and-white reputation that accounting has, the profession allows transactions to be accounted for in many different ways. The preferred method of accounting for a transaction depends on ...

The Governmental Accounting Standards Board is getting ready to roll out new rules and proposals for state and local governments, including improvements to the financial reporting model, ...

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

Nonprofit organizations are entities that perform charitable services by accepting funds from the general public. To help regulate activities and encourage the proper use of funds, accounting ...

In 2016, the Financial Accounting Standards Board (“FASB”) broadly updated its lease accounting standards in ASC 842. Initially, all entities were required to adopt these rules by 2020. However, due ...

Speaking to an American Institute of CPAs conference, Securities and Exchange Commission Chairman Christopher Cox suggested that accounting rules need to be simplified in order to ensure that ...

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