Learn about accounting interpretations, why they matter, and how they clarify standards, prevent errors, and provide consistency in financial reporting.

Financial statements include a balance sheet and an income statement, commonly referred to as a profit and loss statement. The balance sheet presents a company's assets, liabilities and equity as of a ...

A company's ability to produce accurate financial statements is essential to its survival. Many interested parties, not just company owners, rely on information about money coming in and going out of ...

Spotting financial statement fraud is crucial. Learn key signs and detection methods to protect your investments from risky ...

The AICPA Auditing Standards Board (ASB) issued an auditing interpretation that permits an auditor to report on the basic financial statements of the U.S. government in accordance with GAAS. The ...

In the rapidly evolving landscape of financial analysis, using new AI tools is becoming essential for staying ahead of the curve. Copilot, a groundbreaking AI-powered tool from Microsoft powered by ...

What could your business do with an extra $1 million in cash? Borrow less? Invest in new equipment? Hire staff to help grow your sales? The answers likely depend on the goals for your specific ...

The American Institute of CPAs’ Auditing Standards Board has issued a new auditing standard on internal control and an interpretation related to the sustainability financial statements used by the ...

The AICPA Auditing Standards Board (ASB) issued an auditing interpretation Tuesday that permits an auditor to report on the basic financial statements of the U.S. government in accordance with ...

The role of FP&A has expanded significantly in recent years, driven by the increasing need for real-time financial insights and strategic decision support in businesses. Finance professionals are now ...