The Governmental Accounting Standards Board released a new standard to improve the financial reporting for state and local ...

The Accounting Standard Update aims to clarify existing reporting requirements, in part by creating a comprehensive list of ...

Accounting professionals are accustomed to complying with accounting standards. Generally accepted accounting standards set the guidelines for reporting financial transactions in the United States.

Consolidated financial statements combine a parent company's information with one or more subsidiary companies to produce one master document. Investors, lenders or regulatory agencies often require a ...

Financial statements are written records of a business’s financial situation. They include standard reports like the balance sheet, income or profit and loss statements, and cash flow statement. They ...

The US accounting board advanced an effort clarifying how companies should measure in their financial reports certain ...

The accounting cycle tracks a transaction until it's added to your company's financial statement. Follow this eight-step ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Somer G. Anderson is CPA, doctor of ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Learn how to prepare an up-to-date profit and loss statement, balance sheet and statement of cash flows. Many, or all, of the products featured on this page are from our advertising partners who ...

WALNUT CREEK, CA – December 15, 2025 – PRESSADVANTAGE – ClearPath CFO Advisory has announced the expansion of its professional accounting services to additional Northern California communities, ...