The Financial Accounting Standards Board is offering optional guidance on the measurement of credit losses for accounts ...

The Financial Accounting Standards Board released its long-awaited accounting standards update for not-for-profit financial reporting, albeit with scaled back ambitions to keep the standards for ...

Entitled 'Reality of accounting for carbon-related instruments', the study examines the annual reports of 300 companies in ...

The US Financial Accounting Standards Board (FASB) and the Accounting Standards Board of Japan (ASBJ) have held a ...

In early 2020, the COVID-19 pandemic added another element of business disruption for organizations to manage while the effective dates to comply for FASB’s new lease accounting standards were quickly ...

The Financial Accounting Standards Board’s (FASB’s) new lease accounting standard will become effective for private companies and not-for-profits beginning with fiscal years that start after ...

A wave of significant accounting standard setting has created heavy compliance burdens that many company finance departments are struggling to handle. Just 37% of more than 140 companies surveyed by ...

With the new lease standard, Financial Accounting Standards Board (FASB) ASC 842, soon to be in effect for private companies with fiscal years beginning after Dec. 15, 2021, now is the time for ...

Definition of Accounting Standards Codification. The Financial Accounting Standards Board, FASB, is a private, independent organization that since 1973 has been given the authority by the U.S ...

By Mandi Simpson, CPA, and Kristin Orrell, CPA Given new standards, changes in the economy, and corporate trends, accounting and financial reporting seem to grow more complex every year.

Current financial accounting is often not a very good guide for either corporate managers or investors. The primary policy issue now is whether accounting standards should continue to be set by ...