Two accounting boards are working toward a common set of procedures for recognizing revenue. The international financial reporting standards, or IFRS, are the International Accounting Standards ...

The IFRS versus local GAAP comparison guides provide an overview of the major similarities and differences between the two sets of standards. US GAAP versus IFRS: The Basics (available in webpage ...

International trade and cross-border investing is becoming more complex with new emerging market economies and global investment opportunities. The Securities and Exchange Commission, Federal ...

Merchants and manufacturers rely on the sale of inventory to create gross profits. Whether you purchase your inventory or make it yourself, you need to observe the relevant accounting standards to ...

There are two dominant systems of accounting used by corporations around the world. In the U.S., companies use the generally accepted accounting principles, or GAAP, while international companies use ...

When a public company issues a financial statement, everything needs to be clear and well-understood by everyone reading it. To ensure this, it’s paramount to have a baseline for reporting. That’s ...

CAMBRIDGE, MA / ACCESSWIRE / October 11, 2017 / This past week at the Stansberry Research Annual Conference in Las Vegas, Professor Joel Litman, a renowned global expert on financial reporting and ...

While the SEC moves toward a 2011 vote on whether to require U.S. public companies to report using IFRS, a more compact version of the international standards is ...

Imagine you are planning to explore many countries, each with different customs, language, food and culture. While the destinations may vary, a common understanding of certain rules and etiquette ...

Discover how accruals affect company finances, with insights into the accrual accounting method, its applications, and examples illustrating its principles.