Financial statements report the business activities and financial performance of a company. Learn how they are used by executives, investors, and lenders.

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

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 ...

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 ...

The Securities and Exchange Commission has released two eagerly anticipated staff papers comparing International Financial Reporting Standards with U.S. GAAP and analyzing IFRS in practice at foreign ...

ZURICH, Switzerland, Dec. 5-- Swiss Re issued the following news release: Swiss Re announced today that it will adopt International Financial Reporting Standards (IFRS) for its consolidated financial ...

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 ...

Disputes between what accounting standards permit and what regulatory authorities in Kenya allow have become increasingly frequent over the years, particularly in relation to line items that directly ...

Not many investors are accountants, and there are many accountants who are not investors. Yet the latter produces what the former reads, and the former relies upon what the latter produces to make ...