The University of Illinois’ Department of Accountancy is getting a head start on educating its students on International Financial Reporting Standards, or IFRS. The IFRS is a set of accounting ...

Discover how Statements of Financial Accounting Standards (SFAS) guide U.S. accounting principles. Learn about their impact and why they've been replaced.

Political decisions that may affect cross-border business policies in the United States and the United Kingdom have so far had no effect on international accounting standards, Hans Hoogervorst said ...

Nonprofit organizations are entities that perform charitable services by accepting funds from the general public. To help regulate activities and encourage the proper use of funds, accounting ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Accounting principles help hold a company’s financial ...

Financial statement preparers are busy implementing new accounting standards for revenue recognition, leases, and credit losses. Here are tips from experts on how to handle the transition without ...

Explore the key differences between successful-efforts and full-cost accounting methods for oil and gas companies, including their impact on expenses and financial transparency.

Some five months remain for Azerbaijan's large companies to turn to international fiscal accountancy standards (IFAS). According to the list approved by the Azerbaijan's Cabinet of Ministers, 20 ...

The Auditor General of Pakistan has announced the launch of comprehensive reforms in the country’s public sector accounting system, aiming to bring it in ...

In a prior article, I wrote about the appeal of counting the Federal Government as a customer, because of the size of the government’s budget, as well as its creditworthiness. In that article, I ...

The International Federation of Accountants (IFAC) is poised to enhance public sector accountancy across Africa, supported by a $1m grant from the Global Fund. This initiative will also benefit from ...