A global accounting standards body aims to revamp how companies present financial information to give investors a clearer picture of performance. The International Accounting Standards Board (IASB) ...

There are three types of financial statements for businesses: income statement, balance sheet and cash flow statement. Each of these financial statements shows a different aspect of the business.

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

The way Indian companies present their profit and loss statements is set for a makeover, one that could provide investors with a clearer picture of what’s driving profits and where the money goes. The ...

Business owners often use accounting to measure their company's financial performance. Accounting is responsible for recording and reporting a company's financial transactions. While business owners ...

Meagan is a former Series 7 financial advisor and current writer focused on blending straightforward information with a dose of humor on topics including equity investments, insurance products, and ...

A statement of shareholder equity can tell you if your business is doing well or if it's time to fine-tune some of your ...

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

Audited financial statements are independent CPA evaluations costing thousands. They include balance sheets, cash flow, ...

In April 2004, FASB and the International Accounting Standards Board (IASB) created a joint project on financial statement presentation. The project is part of the memorandum of understanding between ...