Clarified and revised standards for compilations and engagements to prepare financial statements released Thursday create a bright line between accounting (preparation) and reporting (compilation) ...

Knowing the financial health of your small business is crucial to its success and survival, so accurate assessments of business transactions support your efforts. That's where bookkeepers and ...

Discover the differences, advantages, and drawbacks of single-step vs. multiple-step income statements for better financial ...

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 ...

Financial statements provide managers, shareholders and potential investors with the information they need to determine the financial health of an organization. The preparation of financial statements ...

Discover the hidden details in financial footnotes essential for interpreting income statements, balance sheets, and cash ...

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

When it is time to bring in an external audit firm — perhaps because lenders, investors or a regulatory body triggered the need to audit your financial statements — preparation and responsiveness are ...

As part of its commitment to advancing the federal financial management system and promoting transparency in accordance with the highest international standards, the Ministry of Finance (MoF) ...