Effective management accounting practices can improve decision-making in organizations, which need sound fundamentals but also speed when trying to decide which strategic paths to follow. In short, ...

The Association of International Certified Professional Accountants released an updated set of global guidelines for management accountants to address new topical areas including AI, automation and ...

Cost accounting provides the management of a company with the information it needs to operate the business effectively. It differs from financial accounting in its focus on principles of costing, ...

When a public company issues a financial statement, everything needs to be clear and well-understood by everyone reading it. To ensure this, it’s paramount to have a baseline for reporting. That’s ...

This is part three of a four-part series on themes explored at the 4th International Reporting 3.0 Conference. Read parts one and two. There has been much excitement in recent years around the ...

Accountants play an integral role in helping individuals and businesses manage their finances and ensuring all financial records are maintained and reported accurately. However, this can make them ...

When an aspiring entrepreneur starts a business, the office is full of excitement, enthusiasm and great expectations. Employees are hired to answer the phones, and salespeople are selling. The owner ...

What Are Generally Accepted Accounting Principles (GAAP)? Your email has been sent Understanding GAAP is essential for anyone involved in finance or accounting. Learn the key principles and their ...

If you run a small business, you may not know much about the Generally Accepted Accounting Principles (GAAP). After all, GAAP standards apply mainly to publicly traded companies, so these rules don’t ...