This Week's Most Important Topics1. New Lease Accounting Standards: Full-scale practical preparations for the second half of ...

With the emergence of International Financial Reporting Standards (IFRS), most discussion of the proposed convergence of U.S. generally accepted accounting principles, or GAAP, and IFRS standards has ...

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 ...

In addition to the accounting standards update, FASB has posted a “ FASB in Focus ” overview of the new standard, a “ FASB: Understanding Costs and Benefits ” document, and a video entitled " Why a ...

The Financial Accounting Standards Board recently introduced a significant update to the accounting standards for certain crypto assets, like bitcoin. This update, known as the Accounting Standards ...

Barclay Palmer is a creative executive with 10+ years of creating or managing premium programming and brands/businesses across various platforms. Somer G. Anderson is CPA, doctor of accounting, and an ...

As a business owner, you understand that accounting has to be accurate, but you may not know why accounting standards – the rules with acronyms such as GAAP and IFRS – are such a big deal. If you were ...

The U.S. accounting standard-setter plans to tackle issues around accounting for goodwill and disclosure of expenses in 2021, after a year marked by a leadership transition and the economic havoc ...

New lease accounting rules have resulted in potentially misleading data feeds, inconsistent financial reporting and other discrepancies that could confuse and misinform investors, Credit Suisse Group ...

Accounting, financial management and financial statements can seem baffling. After all, math doesn’t come naturally to everyone and the savviest minds might get overwhelmed by rows and columns full of ...