Accounting methods are the account rules a company uses to maintain its financial transactions. GAAP and IFRS pronouncements constitute the universal principles companies use to keep the “books”. What are common accounting methods? Continue reading What Are Common Accounting Methods?
The US Securities and Exchange Commission (SEC) started making rules for the utilization of the International Financial Reporting Standards (IFRS) – essentially GAAP and IFRS convergence. The SEC developed a “road map” for the use of financial statements. AICPA has been instrumental in paving the way for the adoption of IFRS. Continue reading How Will IFRS Convergence Impact You?