The Financial Accounting Standards Board released an accounting standards update Monday to improve financial reporting by requiring public companies to disclose, in their interim and annual reporting ...

Discover how cash purchases impact a company's income statement and where to find detailed records in financial reports.

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

The Financial Accounting Standards Board released an accounting standards update Monday to clarify the interim effective date of its recently issued standard on disaggregation of income statement ...

FASB issued an Accounting Standards Update (ASU) that requires greater disaggregation of income tax disclosures. ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, requires ...

Other comprehensive income (OCI) is a term used in business accounting to define transactions that aren't yet realized. These figures include revenues, expenses, gains, and losses—all of which are ...