Financial statements ... satisfied are called "net assets." Statement of Activities This is the equivalent of a for-profit entity's statement of income. This report tracks the changes in operation ...

The accounting standard-setters are being urged to adopt a disclosure-first approach to advance the recognition and accounting of intangible assets, according to the CFA Institute Research and Policy ...

Asset impairment is important for financial accuracy and decision-making, ensuring companies aren't reporting outdated ... assets (buildings/machinery) and intangible assets (patents/goodwill).