Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

If one company owns part or all of another company, it may be required to prepare a consolidated financial statement. The companies remain separate legal entities and each maintains its own set of ...

Financial statements present businesses with a broad view of their operational and financial health. Consolidated financial statements provide the same for combined companies as though they were all ...

Financial statements are vital for businesses, from international corporations down to limited liability companies. These statements give investors an in-depth, accurate picture of a business’s ...

IN CERTAIN INSTANCES CPAs SHOULD CONSIDER preparing and reporting on financial statements using an “other comprehensive basis of accounting” (OCBOA). Tax-basis and cash-basis, including ...

AMONG ENRON’S PROBLEMS WAS ITS USE of variable interest entities, which allowed it to leave significant amounts of debt off its balance sheet. In response to concern about this practice, FASB issued ...

MUFG Bank, Ltd. announces Consolidated Summary Report [under Japanese GAAP] for the nine months ended December 31, 2025 Masahisa Takahashi, Managing Director, Head of Financial Accounting and ...