The statements used in financial accounting cover the five main classifications of financial data or financial accounts, which are: Revenues and expenses are accounted for and reported on the income ...

The Financial Accounting Standards Board proposed an accounting standards update Monday to give investors more information about a company's expenses. The proposal would require public companies to ...

The Financial Accounting Standards Board voted Wednesday to require companies to tell the public more about the taxes they pay. Starting as early as 2025, companies' financial reports will need to ...