Learn about footings in accounting: how they function in balance sheets, their importance in finalizing balances, and a ...

Discover the crucial differences between pro forma and GAAP financial statements. Learn why companies use both and the ...

The International Financial Reporting Standards Foundation has published a set of near-final examples showing how companies can improve the reporting of uncertainties in their financial statements ...

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

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

Even sophisticated construction businesses can struggle to interpret their financial statements. In this industry, ...

Financial accounting refers to the generally accepted accounting principles used to create financial statements for the public, while tax accounting follows the rules of the Internal Revenue Service.

The financial statements of your business are comprised of several different reports. Your balance sheet is one report included in your financial statement package, and may be presented with ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. To understand the financial health of your business, ...