Accounting professionals are accustomed to complying with accounting standards. Generally accepted accounting standards set the guidelines for reporting financial transactions in the United States.

Today’s international financial environment requires accountants to be familiar with cross-border reporting practices, financial management strategies and international standards. The CMA (USA) ...

The International Accounting Standards Board introduced update proposals for the IFRS for SMEs accounting standard Thursday, to reflect recent improvements in International Financial Reporting ...

The International Financial Reporting Standards Foundation has published a set of near-final examples showing how companies can improve the reporting of uncertainties in their financial statements ...

The coming year will be the time for testing and implementing the processes for new IFRS accounting rules designed to ensure that financial reporting more accurately reflects how companies manage ...

With the increasing acceptance of IFRS in the global economy and its possible adoption in the U.S., CPAs are keenly interested in developing a broader understanding of international standards. A major ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance ...

The future of international accounting standards for U.S. public companies remains uncertain after the release in July of a long-anticipated SEC analysis of IFRS. In a 127-page report released on the ...

Accounting, financial management and financial statements can seem baffling. After all, math doesn’t come naturally to everyone and the savviest minds might get overwhelmed by rows and columns full of ...