Comparative statements are financial reports that compare a given financial statement with either a prior time period or another company. Comparative statements add two critical dimensions to the ...

Financial statements are a summary of the financial records of an organisation that shows its financial performance over a given period and financial position as at a point in time. In my previous ...

FASB HAS ISSUED STATEMENT NO. 154 PROVIDING rules for how companies should treat changes in accounting principle. The statement requires retrospective application in all comparative financial ...

Businesses use four primary financial statements to aggregate and present financial data to internal and external stakeholders. Publicly traded corporations are required to submit financial statements ...

Will new international accounting rules affect your technology systems? Canada's publicly accountable entities are well aware of the looming deadline to convert to international financial reporting ...