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

Discover the three essential financial statements required by GAAP: income statement, balance sheet, and cash flow statement, ...

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 ...

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 ...

The American Institute of CPAs announced Wednesday that it has released new professional standards for forensic accountants. The Statement on Standards for Forensic Services No. 1 provides more ...

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

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

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

FASB to weigh whether some stablecoins and other digital assets qualify as cash equivalents, as it also decides which of over ...

Joe Jordan is administrator of the Office of Federal Procurement Policy, which is seeking to better align acquisition rules with statutory language. The Obama administration has proposed adopting more ...

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 ...