Hi, I'm Dominique Broadway, financial planner and personal finance coach. I'm going to talk about the five elements of a financial statement. Financial statements are used to provide financial ...

The statements issued Wednesday are: FASB Concepts Statement No. 8, Conceptual Framework for Financial Reporting — Chapter 4, Elements of Financial Statements, which defines financial statements ...

The six core elements of financial statements that GASB defined are based on the objectives of financial accounting that are unique to governmental reporting. Rather than reflecting the goal of ...

Financial statement footnotes provide an important element regarding a business' activities -- they provide context. Absent discussion in the footnotes about how the business conducts its ...

Preparing financial statements for a future public company is not just a compliance exercise; it’s an opportunity to demonstrate your organization’s credibility, transparency and growth potential.

Unfortunately, financial statements standing alone may not reveal everything and tell the whole story. Here are a number of those elements of your business that your financial statements may not ...

The Financial Accounting Standards Board has proposed a new chapter to Concepts Statement No. 8 that would define 10 elements of financial statements.

The Governmental Accounting Standards Board has released two documents proposing a number of improvements in how state and local governments should report information on their financial statements and ...

GASB is proposing that an item being considered for recognition in financial statements would be evaluated using a hierarchy for recognition of elements. The hierarchy would require the board to ...