The International Public Sector Accounting Standards Board has approved its Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities. The framework establishes the ...

In recent years, British and American public opinion has increasingly shifted in favor of climate action. As a result, political will has followed suit. President Elect Joe Biden made a clean energy ...

The Financial Reporting Council (FRC) of Nigeria has announced plans to integrate the Accounting and Auditing Organisation for ...

Stakeholders across Nigeria’s financial services industry have converged in Abuja as the Financial Reporting Council of ...

The new chapter will become Chapter 2 of FASB Concepts Statement No. 8, Conceptual Framework for Financial Reporting. It's similar to the rest of the framework, establishing concepts that FASB would ...

A new conceptual framework for IFRS issued Thursday includes revisions to concepts for reporting assets, liabilities, income, and expenses. In completing the comprehensive project to change the ...

It should be no surprise that accounting standards have become more complex over the years. Transactions have become increasingly challenging as new products and services emerge and financial ...

When everyone trusts the numbers and speaks the same analytical language, finance empowers the organization to make faster, ...

The Financial Reporting Council of Nigeria has announced plans to formally integrate Islamic Finance Services into the country’s financial reporting framework. This was disclosed in a statement made ...

Financial statements and reports are used to tell a quantitative story. Numbers don't lie and can be easier to communicate, so financial reports are heavily used as tools for managing performance in ...