The Accounting Standard Update aims to clarify existing reporting requirements, in part by creating a comprehensive list of ...

A new Accounting Standards Update establishes previously missing GAAP guidance related to the recognition, measurement, and ...

The standards update fills a gap in the generally accepted accounting principles that previously left many companies turning ...

The Financial Accounting Standards Board has settled on a new way for companies to amortize, or write down the value, of certain debt securities. Companies with employee benefit plans held in master ...

Certain topics have been removed from the standard, including earnings per share, interim financial reporting.

The Securities and Exchange Commission is planning to encourage greater cooperation between U.S. and international ...

The Q4 dash to new lease accounting is on, and it’s looking like some companies will not flip the switch to new systems by the Jan. 1 effective date. With less than three months until new lease ...

The Financial Accounting Standards Board is a non-governmental, accounting-oversight organization that maintains accepted accounting rules that businesses in the U.S. follow. If businesses do not ...

Lawmakers and business leaders have seen a need to harmonize or integrate, the accounting standards of the United States, which operates under Generally Accepted Accounting Principles (GAAP), with ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Last year, the Governmental Accounting Standards Board (GASB) voted to defer the effective ...

The Financial Accounting Standards Board issued an accounting standards update with guidance on accounting for government ...