Understanding Consolidated Financial Statements: Key Requirements and Examples

Learn about consolidated financial statements, the criteria for aggregation, reporting guidelines, and practical examples for parent companies with subsidiaries.
JournalofAccountancy

PEEC releases new ethics guidance related to public interest entities

The AICPA Professional Ethics Executive Committee (PEEC) has released new authoritative guidance related to public interest entities. For most AICPA members, practice will not change; members will ...
The Nation Newspaper

Importance of Financial Reporting Council’s public interest entities reclassification

The Financial Reporting Council (FRC) of Nigeria, in line with strengthening Nigeria’s financial ecosystem, redefined Public Interest Entities (PIEs) under Section 77 of the amended Financial ...
Forbes

How To Prepare Financial Statements For A Future Public Company

Navigating the path to becoming a publicly traded company is a significant milestone for any organization. As a micro-cap IPO advisor and investor, I’ve witnessed how the success of this transition ...
Accounting Today

IASB updates IFRS for SMEs

The International Accounting Standards Board issued an update Thursday to the International Financial Reporting Standard for Small and Medium-sized Entities Accounting Standard which aims to balance ...