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

You want to refinance your home. The bank requires an appraisal to determine the current value. The appraiser uses data from 2019. Would you feel good about that? Or let’s say you want to sell your ...

The Governmental Accounting Standards Board released an updated standard Tuesday to improve some of the main components of the financial reporting model for state and local governments. GASB Statement ...

The Governmental Accounting Standards Board (GASB) issued Statement no. 48, Sales and Pledges of Receivables and Future Revenues and Intra-Entity Transfers of Assets ...

The coronavirus pandemic has presented state and local governments and their auditors with many significant changes and challenges that may need to be addressed in governments’ financial statements.

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 ...

A variety of state agencies failed to accurately report their financial obligations or revenue earned during the prior fiscal ...

A key reform meant to keep local government finances transparent and current is yet to be implemented as the financial accounting software remains in the procurement stages. The system is being ...

Discover how cost accounting benefits companies, its differences from financial accounting, and its essential role in business operations.