Financial Statements: List of Types and How to Read Them

Financial statements report the business activities and financial performance of a company. Learn how they are used by ...
Smart Business Magazine

How audit committees and executives should prepare for IFRS now

The change to IFRS (International Financial Reporting Standards) from U.S. GAAP (Generally Accepted Accounting Principles) has been looming on the horizon for years, leaving businesses unsure about ...
Monitor

IFRS 18 reinvents income statement

IFRS 18 does not change the accounting rules for recognising revenue, valuing assets or measuring expenses. Instead, it changes the layout and discipline of financial reporting.

GAAP vs. IFRS: Key Differences Explained

Compare GAAP and IFRS, the leading accounting standards. Discover their key differences, understand global accounting ...
Houston Chronicle

Three Advantages to an End User of Using IFRS Accounting With Financial Statements

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

Financial Reporting Goes Global

THERE IS A CLEAR TREND toward adopting IFRS as the single body of internationally accepted financial reporting standards. In the next few years, thousands of companies will move to IFRS as a primary ...
Business Reporter

Does IFRS 18 spell the end of ‘director’s cut’ reporting?

Adjusted EBITDA will remain part of corporate reporting, and editing remains legitimate. These help provide insight into ...