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

The Financial Accounting Standards Board proposed an accounting standards update Tuesday to improve the accounting for purchased financial assets, including those acquired in a business combination.

Discover the key differences between IFRS and GAAP accounting standards, and learn how they impact financial reporting for ...

This guideline provides guidance for capitalization, depreciation/amortization and construction in progress of capital assets purchased, constructed or developed ...

Forensic accountants are financial detectives who investigate financial reports and documents, often in connection with legal action. Find out what it takes to become one.

IASB has shared plans that could involve addressing crypto and digital assets as part of its broader efforts to update ...

More businesses are beginning to accept cryptocurrencies, including stablecoins, as a form of payment in addition to more traditional methods such as cash and credit card. Properly accounting for ...

And in dealing with these questions, we shall primarily be referring to the International Accounting Standard (IAS) 7 and IAS 32 for balance sheet classification of cryptos. Plus, IAS 2 and IAS 38 for ...

FASB is seeking comments on a proposed Accounting Standards Update (ASU) that is intended to improve the accounting for purchased financial assets, requiring that all the assets — with certain limited ...