The International Public Sector Accounting Standards Board released a standard to help entities consistently report ...

The Financial Accounting Standards Board released a proposed accounting standards update Wednesday to better line up a company’s hedge accounting with its risk management strategies. The proposals ...

The SEC’s Chief Accountant Paul Munter, released a statement “Accounting Standard Setting in a Rapidly Evolving Business Environment: A Focus on the Timely Delivery of Investor Priorities,” discussing ...

On August 3, 2020, the Partnership for Carbon Accounting Financials (“PCAF”) released a draft standard outlining a proposed approach for global carbon accounting. This standard, the “Global Carbon ...

FASB modified its credit losses standard Thursday, eliminating the accounting guidance for troubled debt restructuring by creditors and enhancing disclosure requirements for vintage disclosures.

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 ...

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 ...

NOWHERE IS CORPORATE do-goodery more on show than in a firm’s sustainability report. Today 58% of companies in America’s S&P 500 index publish one, up from 37% in 2011, according to Datamaran, a ...

Discover how accruals affect company finances, with insights into the accrual accounting method, its applications, and ...

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