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GASB guidance aims to improve government financial reporting

Accounting Today

The Governmental Accounting Standards Board released an updated standard to improve some of the main components of the financial reporting model for state and local governments.

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Majority use AI in financial reporting, auditors expected to review use

Accounting Today

A KPMG survey found 72% of companies are using AI in their financial reporting process to some extent, and executives expect auditors will start examining controls around the technology.

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Objectives of financial reporting

Accounting Tools

What are the Objectives of Financial Reporting? The objectives of financial reporting cover three areas, dealing with useful information, cash flows, and liabilities. Objective #1: Provide Useful Information The first objective is to provide useful information to the users of financial reports.

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Majority of organizations now use AI in financial reporting

Accounting Today

A recent poll of finance leaders has found that the majority of organizations now use AI in at least some of their financial reporting process.

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Jun 19, Sample Financial Reports Using QuickBooks® | Bookkeeping Reports

Bookkeeping Essentials

Sample financial reports because sometimes a picture is better than words. These bookkeeping reports are a reference point for producing your own financial statements. for those who learn by seeing.

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Finding and fixing the most common financial reporting mistakes

Accounting Today

Garbage in, garbage out — and sometimes garbage in between: Figuring out where these errors come from is critical for you and your clients.

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Mastering Retained Earnings Calculations For Financial Reporting

Invoicera

This post will discuss the critical role of retained earnings in financial reporting, a company’s profitability, and growth opportunities. This value becomes the beginning retained earnings for the next period, continuing the financial management and reporting cycle. Invoicera is a super helpful tool for businesses.