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

Financial reporting is more than a compliance requirement—it is a strategic tool that determines how effectively a business can grow, scale, and compete. While many companies focus on revenue, product ...

Internal controls are the policies you put in place to keep your company's financial reporting accurate. If you sell shares to the public, internal controls have been mandatory for decades. The ...

FASB Statement no. 157, Fair Value Measurements, introduces new concepts and practices to the world of financial reporting, including some that are beginning to impact the fair value measurements of ...

In today’s fast-paced business environment, efficient and accurate financial reporting is crucial for making informed decisions. Manually consolidating and transforming financial data from multiple ...

Financial management involves planning, organizing and controlling an organization’s financial activities. Effective financial management helps businesses achieve their goals, optimize profits and ...

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. Katrina Ávila Munichiello is an experienced editor, ...

Business owners and employees often use the terms "financial report" and "budget report" interchangeably. Although both types of reports provide information about a company's finances, the goals and ...

Financial reports are an integral part of doing business, and they're essential to compliance and the legal operation of your company. Management reports, however, are just as integral, and they hold ...

As the chief operating officer at a firm specializing in financial and accounting services, I've seen firsthand the immense value that accurate financial reporting brings to a business. Whether you're ...

Scaling a small business is essential for success, and requires careful planning and execution. One of the most critical yet often overlooked components of scaling is accurate financial reporting. By ...