Financial statements report the business activities and financial performance of a company. Learn how they are used by executives, investors, and lenders.

Discover what it takes to advance your career as a financial controller, including key educational requirements, ...

The Governmental Accounting Standards Board released a proposed Implementation Guide with questions and answers on the ...

An update from the Financial Accounting Standards Board concerning capitalizing software is on the way. The new pronouncement, ASU 2025-06, ...

Veronica Beagle is the managing editor for Education at Forbes Advisor. She completed her master’s in English at the University of Hawai‘i at Mānoa. Before coming to Forbes Advisor she worked on ...

Tax accounting is a critical field that focuses on preparing and analyzing tax payments and returns. It differs from other accounting fields in that it is guided by specific tax-related provisions set ...

After a cyberattack, businesses become stuck in a complex, chaotic maze of financial, operational and reputational challenges. The immediate concerns must be on securing the breach and assessing the ...

The following general ledger/commitment items are used to record expenses as category 2 and 3 of the Statement of Financial Activity (SoFA) report. The categories are outlined alphabetically. Each ...

"Accountants advise businesses, navigate ambiguity and help shape financial decision-making. A liberal arts education prepares students to do that in a more thoughtful, well-rounded way." It might be ...

A transfer is the movement of funds between accounting elements within the University. The following sections will provide general guidelines for University transfers and specific information for FY ...