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

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 ...

The International Financial Reporting Standards Foundation has published a set of near-final examples showing how companies can improve the reporting of uncertainties in their financial statements ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Yarilet Perez is an experienced ...

Accountants preparing and auditing financial statements for U.S. companies stand a good chance of encountering IFRS. The SEC requires financial statements to be filed in U.S. GAAP, and U.S. users of ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation About one-quarter of the world’s central banks apply IFRS with approximately a quarter more looking to IFRS for further ...

IAS 7 amendments reshape supplier finance disclosures, impacting transparency, liquidity reporting, and working capital strategies.

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Intersegment transactions are based on market price. Segment operating profit is the amount of revenue less cost of sales and SG&A expenses plus other operating income and less other operating ...

VTB, together with Consist Business Group (GC LANSOFT) and FORBES Consulting, are implementing an Oracle HFM import substitution project to prepare consolidated financial statements in accordance with ...

Consolidated financial statements for the first time – IFRS applied for the first time ...