Financial Transparency

Company Reporting Directive
An EU directive (2006) designed to enhance public confidence in financial reporting within the EU by increasing the transparency of financial statements and reports.
Comprehensive Annual Financial Report (CAFR)
The Comprehensive Annual Financial Report (CAFR) is the official annual report of a government entity in the United States. It provides detailed financial statements and analysis of a government's financial health.
GASB
The Governmental Accounting Standards Board (GASB) is an independent, private-sector organization that sets accounting and financial reporting standards for U.S. state and local governments.
XBRL
XBRL (eXtensible Business Reporting Language) is a global framework for exchanging business information digitally, aimed at improved efficiency, accuracy, and transparency in financial reporting.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.