The Financial Accounting Standards Board issued a proposed accounting standards update Wednesday that would give preparers more time to use its earlier reference rate reform relief guidance and expand ...

The Financial Accounting Standards Board has issued a standards update aimed at clarifying the interaction between the rules related to equity securities, equity method investments and certain ...

The Financial Accounting Standards Board issued new standards providing specific guidance for how companies should account for government grants they receive, according to a Thursday press release ...

Discover the key differences between IFRS and GAAP accounting standards, and learn how they impact financial reporting for ...

Due to new standards issued by the Financial Accounting Standards Board (FASB) in late 2022, companies with supply chain financing are now required to comply with additional disclosures intended to ...

Learn about accounting interpretations, why they matter, and how they clarify standards, prevent errors, and provide consistency in financial reporting.

FASB issued a standard Thursday that is intended to clarify the interaction between accounting standards related to equity securities, equity method investments, and certain derivatives. The board ...

As a result of Covid-19 and the changing landscape related to leases, private companies have received more time to prepare for and adopt the new lease accounting standards in their financial reporting ...

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 ...

We take accounting standards for granted — whether it is the U.S.’s generally accepted accounting principles or the International Financial Reporting Standards. We shouldn’t. In the U.S., accounting ...

IASB has shared plans that could involve addressing crypto and digital assets as part of its broader efforts to update existing accounting frameworks in 2026.

In a prior article, I wrote about the appeal of counting the Federal Government as a customer, because of the size of the government’s budget, as well as its creditworthiness. In that article, I ...