The International Accounting Standards Board has introduced a new standard to give investors more readily comparable information about companies' operating profits in one of the biggest changes to ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. GAAP requires companies to provide income statements, balance sheets, and cash ...

Timothy Li is a consultant, accountant, and finance manager with an MBA from USC and over 15 years of corporate finance experience. Timothy has helped provide CEOs and CFOs with deep-dive analytics, ...

Informed business decisions require accurate financial information and solid internal controls. Whether dealing with an internal audit function, the board of directors, an external audit firm or ...

Setting goals and objectives is a critical aspect of managing a business, and the accounting function is no exception. Business goals should include both short- and long-term goals, according to Maria ...

Financial ratios allow you to break down your company's financial statements and see how it is performing from different angles. Whether you are creating a proposal for new investors, seeking bank ...

As we head into 2026, the accounting profession faces a defining moment: the transition from traditional financial reporting to real-time business ...

Accounting is the process of keeping track of all financial transactions within a business, such as any money coming in and money going out. It’s not only important for businesses in terms of record ...

Nearly every public and private business entity — across all levels of government, small and large businesses and major accounting firms (such as KPMG, EY, Deloitte and PwC) — employs finance ...

The financial industry is filled with acronyms that can easily overwhelm consumers. The Financial Industry Regulatory Authority, or FINRA, currently lists about 250 professional designations for ...