The International Accounting Standards Board is finalizing a standard to give investors a clearer picture of utilities' ...

The conceptual framework is a series of Statements of Financial Accounting Concepts (SFACs), taken as a whole, set the objectives, characteristics and other concepts that determine how financial ...

Discover how modified accrual accounting merges accrual and cash basis methods, its key principles, and why it's preferred by government agencies for accurate financial reporting.

Multiple options for private company financial reporting have emerged this year as standard setters, the AICPA, and other organizations have sought to reduce complexity and costs for small business ...

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 ...

This article was updated with additional reporting at 5:20 p.m. Eastern. If the thought of organizing your business financial statements gives you a headache, announcements from two leading U.S.

If your team is still managing your footprint in spreadsheets, this is the moment to reassess whether your data infrastructure matches the direction of travel.

IRDAI proposes new accounting standards for insurers from April 1 to align with global practices, improving transparency and investor confidence with Ind AS 117 and Ind AS 109.

The proposed shift would apply across the industry, including life insurers, general insurers, health insurers and reinsurers ...

If you are the owner of a private company, this is the year you will need to change your accounting framework for the fiscal year following Dec. 31, 2010. Instead of using Canadian generally accepted ...