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 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 ...

A written report of the financial condition of a firm. Financial statements include the balance sheet, income statement, statement of changes in net worth and statement of cash flow. The first step in ...

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

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 ...

A report by Fitch Ratings calls into question the cost-effectiveness of the improvements in financial statement presentation proposed by FASB and its international counterpart. In October 2008, FASB ...

An income statement is a financial document that details the revenue and expenses of a company. Some investors and analysts use income statements to make investing decisions. The income statement, ...

It's relatively easy to get a copy of a nonprofit organization's year-end tax filing, known as Form 990, because laws governing tax-exempt organizations require these organizations to make their ...

The new book, The Rule of 72, by forensic accounting expert, John Del Vecchio, offers a good refresher on the basic principles of successful investing in the first half, but the second half contains ...

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