Working to establish and improve standards of US state and local governmental accounting and financial reporting that will result in useful information for users of financial reports. - Read more

Class web site for Managerial Accounting Fundamentals at San Diego State University. It contains past examinations, and outlines for the course using the Hilton 4th ed. textbook. - Read more

List of bookkeepers, accountants, helpful tools and resources for starting a bookkeeping business or solving accounting problems. - Read more

Copies of forms 10-K and other filings with the U.S. Securities and Exchange Commission. Forms are posted to the site 24 hours after the filing date. - Read more

The designated private sector organization in the U.S. that establishes financial accounting and reporting standards. FASB standards are recognized as authoritative by the U.S. Securities and Exchange Commission and the American Institute of Certified Public Accountants. - Read more

The IRS is the U.S. government agency responsible for tax collection and tax law enforcement. Contains downloadable forms, instructions, and agency publications. It also includes "The Digital Daily," an almost-humorous online newspaper. - Read more

Offers accounting resources, including industry news, articles, reference libraries, and discussion boards. - Read more

Accounting resources irrespective of the university. - Read more

Resource-based accounting site with articles, industry news, student study guides, and a directory of firms, associations, and journals. - Read more

Investigative arm of Congress charged with examining matters relating to the receipt and payment of public funds. - Read more

Future of Accounting - IFRS Vs GAAP

The benefits and evaluation of the possible shift of the United States GAAP to the more widely used IFRS is discussed. Emphasis is placed on the benefits of IFRS already enjoyed internationally and the effect of adopting IFRS would have on American businesses.

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The Story That Tells the Power of Audited Financial Statements

Most potential clients that request audited financial statements do so because they feel compelled to have their accounting examined by a CPA. This could be do regulatory oversight such as the SEC or NASD or PCAOB for public companies that are traded on the major stock exchanges or involved with the business perhaps as stock brokers.

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Fair Value Accounting

Following the international financial crisis beginning in late 2008, an outcry rang out, largely from the financial services industry, to rescind or revise the practice of fair value accounting. Declining market values coupled with low trading volumes were creating a cycle of declining consumer confidence that only intensified the severe market conditions.

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Basic Accounting Principle

Businesses or individuals adapting to financial record keeping need to follow some of the basic rules or principles of accounting as in any other activity. It better not to go ahead with accounting without following the basics or the Generally Accepted Accounting Principles(GAAP), that may rather end in messing up with finances.

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