The new standard marks the 11th accounting standards update issued by the FASB this year, up from four for the full 2024 and ...

We examine how differences in financial reporting practices shape firm productivity. Leveraging new audit questions in the U.S. Census Bureau's 2021 Management and Organizational Practices Survey ...

In today’s fast-paced business environment, efficient and accurate financial reporting is crucial for making informed decisions. Manually consolidating and transforming financial data from multiple ...

The six main elements of a company's financial report give a good summary of the company's financial health and its performance over the most recent reporting period. Companies prepare financial ...

FASB and the International Accounting Standards Board (IASB) published consultative documents that seek public comment on two of the eight phases of their joint project to develop an improved ...

Depending on corporate bylaws and board of director's requirements, a financial report at a board meeting can be as simple as a one-sentence affirmation that the organization is on a fiscally-sound ...

Financial statements are written records of a business’s financial situation. They include standard reports like the balance sheet, income or profit and loss statements, and cash flow statement. They ...

The debate about responsible financial reporting has not been sidelined by the COVID-19 pandemic. In fact, the future of audit—and how it should adapt to changing stakeholder demands—has only grown in ...

FASB Statement no. 157, Fair Value Measurements, introduces new concepts and practices to the world of financial reporting, including some that are beginning to impact the fair value measurements of ...

The mission of the Financial Reporting Department is to provide timely and accurate financial statements and other reporting for Drexel University and its subsidiaries to management. Financial ...

UB strives to deliver centralized financial information and key reports to the campus community. SUNY Annual Financial Report for 2025 is now available. Annually, the University at Buffalo issues ...