In April 2004, FASB and the International Accounting Standards Board (IASB) created a joint project on financial statement presentation. The project is part of the memorandum of understanding between ...

Each statement presentation includes a commentary with individual line items referencing the underlying IFRS standardfor example, on the consolidated statement of profit or loss, IAS 33.66 is cited ...

IN CERTAIN INSTANCES CPAs SHOULD CONSIDER preparing and reporting on financial statements using an “other comprehensive basis of accounting” (OCBOA). Tax-basis and cash-basis, including ...

The Private Company Financial Reporting Committee has given the Financial Accounting Standards Board feedback on its financial statement presentation project, including worries about newly onerous ...

Disclosure is when a company or corporation informs its customers, investors, and analysts involved in doing business with the company, of pertinent information. Federal regulations require publicly ...

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 ...