ESG efforts will continue to grow in importance, and we’ll likely see this shape the future of lease accounting, including a ...

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

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

The Financial Accounting Standards Board has released its long-awaited hedging standard, the final component of its financial instruments convergence project with the International Accounting ...

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 ...

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.

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 ...

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 ...

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 ...

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 ...