Learn about consolidated financial statements, the criteria for aggregation, reporting guidelines, and practical examples for parent companies with subsidiaries.

The International Accounting Standards Board published a consultation document Wednesday with eight proposed illustrative examples showing how companies could apply International Financial Reporting ...

Business decisions are often driven by data, so the accuracy and reliability of financial statements are paramount. One misstep in financial reporting can have far-reaching consequences, eroding ...

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 ...

Discover how adjunct accounts enhance financial reporting by increasing liability book values. Learn how they differ from ...

Financial management involves planning, organizing and controlling an organization’s financial activities. Effective financial management helps businesses achieve their goals, optimize profits and ...

Corporate governance and financial reporting (CGFR) are key building blocks of a well-functioning market economy. Sound reporting, controls, auditing and corporate governance reduce the risks of ...

The debate about responsible financial reporting has not been sidelined by the COVID-19 pandemic. In fact, the future of audit—and how it should adapt to changing stakeholder demands—has only grown in ...

Trending Now: 5 Subtly Genius Moves All Wealthy People Make With Their Money Earning passive income doesn't need to be difficult. You can start this week. Financial goals are objectives that you set ...

Financial reporting is the catchall term covering everything from your company's cash-flow statement to financial information in press releases. Anything you tell stakeholders, regulators or the ...

The Council today reached an agreement on a proposal to simplify certain reporting requirements in the field of financial services and investment support. The proposal updates existing rules on data ...

Financial statements are written records of a business’s financial situation. They include standard reports like the balance sheet, income or profit and loss statements, and cash flow statement. They ...