Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

Discover what accounting changes are, how they affect financial statements, and why full disclosure is essential for ...

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

A profit and loss statement summarizes a business’s revenue and expenses. Learn how to use a profit and loss statement to ...

A company may invest in another private or publicly traded company. The accounting for this investment depends on the level of control of the parent company in the subsidiary. The consolidated method ...

Q. Is there an inexpensive, easy-to-use, third-party add-on solution for achieving drillable financial statements when your small business accounting system does not offer that functionality? A. I am ...

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 ...

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

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 ...