Finance, Explained.
Understand the rules behind money, accounting, audits and financial decisions - from the professional requirement to an explanation a 10-year-old can understand.
Money rules don't have to be confusing. Explore the standards and frameworks behind financial statements, audits, banks, internal controls, revenue, leases, financial risk and more.
Explore by Applicability
Who are you? Pick your context to see the most relevant standards and frameworks.
General accounting, controls, risk and compliance concepts.
IFRS Accounting Standards.
U.S. GAAP, SEC/PCAOB environment, SOX and COSO.
Basel, IFRS 9, AML/FATF, financial risk.
PCI DSS, AML/KYC concepts, information security and financial controls.
SOC 1 / SSAE 18 and controls affecting customer financial reporting.
ISA, GAAS, PCAOB standards and quality-management standards.
Explore by Topic
What are you trying to do? Find the relevant standards by activity.
Finance Knowledge Library
Comprehensive guides with professional explanations, plain English translations, and "explain like I'm 10" analogies.
IFRS Accounting Standards
International Financial Reporting Standards - the global accounting language
U.S. GAAP
Generally Accepted Accounting Principles in the United States
IFRS vs U.S. GAAP
Key differences between the world's two major accounting frameworks
IFRS 15
Revenue from Contracts with Customers
IFRS 16
Leases
IFRS 9
Financial Instruments
IFRS 17
Insurance Contracts
ASC 606
Revenue from Contracts with Customers (U.S. GAAP)
ASC 842
Leases (U.S. GAAP)
IPSAS
International Public Sector Accounting Standards
COSO Internal Control
Internal Control - Integrated Framework
Sarbanes-Oxley Act (SOX)
U.S. federal law on corporate financial governance
ISA
International Standards on Auditing
SOC 1 / SSAE 18
Controls at a service organization relevant to user entities' financial reporting
Basel Framework
International regulatory framework for banks
FATF Recommendations
International standards on combating money laundering and terrorist financing
PCI DSS
Payment Card Industry Data Security Standard
IFRS 18
Presentation and Disclosure in Financial Statements
COSO ERM
Enterprise Risk Management - Integrating with Strategy and Performance
PCAOB Auditing Standards
Auditing standards for U.S. public company audits
IFRS S1
General Requirements for Disclosure of Sustainability-related Financial Information
IFRS S2
Climate-related Disclosures