Learn about changes in accounting principles and why businesses make them, as well as the reporting and recording ...

What Else Do Financial Records Include? Other than the most common line items found in financial statements, investors can also read the lesser known items, such as the footnotes, which often contain ...

financial statement footnotes are "the decoder key to unlocking a company's true value." But to some companies, true value is best hidden. And thus he was not very popular on bubble-era Wall Street.

NEW YORK--(BUSINESS WIRE)--XBRL US announced today the public review of the third version of the demonstration Comprehensive Annual Financial Reporting (CAFR) Taxonomy, which now includes seven ...

At times during audit season, not-for-profit financial statement auditors may feel like medical professionals in January. They’re extremely busy, and many of the “patients” receive the same diagnosis.

Business owners often use accounting to measure their company's financial performance. Accounting is responsible for recording and reporting a company's financial transactions. While business owners ...

With the Enron trial offering almost daily reminders of the games that executives can play with a company's financial statements, analyst Jay Taparia says investors should never take a firm's reported ...

Litigation is a court process that, ideally, ends up with a resolution for a lawsuit. A settlement resulting from the litigation is money that is paid to the party bringing the suit in return for ...