A global accounting standards body aims to revamp how companies present financial information to give investors a clearer picture of performance. The International Accounting Standards Board (IASB) ...

Audited financial statements require CPA verification and provide high assurance. They're used for SEC compliance, major bank loans, investor funding and more.

An annual report helps a business owner understand the health of his company and determine areas of growth or possible reduction. A complete annual report consists of the cash flow statement, balance ...

A business uses pro-forma, or projected, financial statements when developing a financial plan. A pro-forma financial statement uses the same format as a current balance sheet, income statement or ...

The cost of formatting financial statements in Extensible Business Reporting Language, or XBRL, for small reporting companies has plunged 45 percent since 2014, according to a new study by the ...

As an increasing number of state and local governments across the country make more of their financial data available to the public online, a new report makes a case for the best way to do that. CAFR, ...

While increased financial literacy may improve individual retirement savings decisions, modifying the placement of key information in retirement savings statements can produce further improvements. We ...