Certified financial statements are accounting statements that have been certified by an independent accounting firm. Learn ...

Assets, liabilities, owner's equity, revenue and expenses -- the five main elements of accounting -- each affect a financial statement differently. How each element affects a financial statement, ...

Learn how a general ledger supports double-entry accounting, compiling vital transaction data for accurate financial ...

The Governmental Accounting Standards Board debuted a series of videos to help officials understand the information included ...

Accounting professionals are accustomed to complying with accounting standards. Generally accepted accounting standards set the guidelines for reporting financial transactions in the United States.

The Governmental Accounting Standards Board released a concepts statement Thursday to provide a conceptual framework for its work on note disclosure requirements for state and local governments.

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 ...

New concept statements released Wednesday address financial statement elements and factors FASB should consider in developing accounting guidance. The statements are presented as new chapters of ...

Cloud-based multi-entity accounting platforms, such as Intuit Enterprise Suite, enable organizations to centralize financial data, automate intercompany processes, and generate consolidated reports, ...