The Financial Accounting Standards Board, which sets the rules for business accounting in the United States, says the objective of financial reporting is to provide current and potential investors and ...

Financial statements report the business activities and financial performance of a company. Learn how they are used by executives, investors, and lenders.

The financial statements for all for-profit companies serve the same purpose -- to provide owners and management with an overview of the company's financial and operational health. The structure of ...

Disclosures about federal public-private partnerships will be required to be presented in federal reporting entities’ general-purpose financial statements under guidance issued Wednesday. The Federal ...

FASB issued a new chapter of its Conceptual Framework related to the measurement of items recognized in financial statements. Chapter 6 of FASB Statement of Financial Accounting Concepts No. 8, ...