Discover how the Accounting Principles Board (APB) set foundational accounting standards and influenced today's GAAP under the FASB in the financial reporting world.

The Financial Accounting Standards Board issued an accounting standards update Thursday providing authoritative guidance on the accounting for government grants received by business entities.

FASB voted Wednesday to extend by one year the effective date of its revenue recognition standard to all nonpublic entities that have not yet issued their financial statements. The board originally ...

Forbes contributors publish independent expert analyses and insights. I am the Kester and Brynes Professor at Columbia Business School and a Chazen Senior Scholar at the Jerome A. Chazen Institute for ...

The Financial Accounting Standards Board is making plans for its future projects, including digital assets, intangibles, government grants, and accounting for financial instruments with environmental, ...

FASB on Tuesday published an Accounting Standards Update (ASU) aimed at clarifying and improving its guidance on hedge accounting. “The new standard clarifies the application of previous guidance and ...

US accounting standard maker will also consider how companies should recognise and report transfers of crypto assets.

An equipment sale leaseback of your waste and recycling equipment can be a viable option worth exploring to unlock the equity ...

In 1973, the Financial Accounting Standards Board was established to develop a set of financial accounting standards known as generally accepted accounting principals for the private sector. GAAP ...

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 ...

Why did the Financial Accounting Standards Board change its rules regarding mark-to-market accounting under pressure from Congress and the financial-services industry? More to the point, just what is ...