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

When the IMR accounting standard was developed in 1992, it was supposed to function in declining and a rising interest rate environments, but the NAIC did not finish the work of addressing high ...

Private companies in the U.S. are still adjusting to the lease accounting standard that took effect last year, even as international standard-setters are proposing new rules for the public sector. In ...

The US Financial Accounting Standards Board (FASB) and the Accounting Standards Board of Japan (ASBJ) have held a ...

And despite being just months away from the deadline to transition to ASC 842, we found that a vast majority of respondents were not yet fully compliant with the new lease accounting standard.

Accounting principles help hold a company’s financial reporting to clear and regulated standards. In the United States, these standards are known as the Generally Accepted Accounting Principles ...

As per the Financial Accounting Standards Board updated accounting standards, ASC 842 requires that all leases, whether operating or finance, be recognized on a company's balance sheet as right-of ...

The Financial Accounting Standards Board on Wednesday said companies should use fair-value accounting for measuring bitcoin and other crypto assets, moving a step closer to a standard that could ...

The Financial Accounting Standards Board's new accounting rules for cryptocurrencies will go into effect on Monday, making it easier for businesses to account for the value of their holdings on ...

The Financial Accounting Standards Board scrapped plans to consider new rules on how companies account for and disclose goodwill, a blow to businesses and investors that have sought improvements ...

The Financial Accounting Standards Board (FASB) finalized the new rules on Dec. 13. The FASB is the organization that sets accounting and reporting standards for the U.S.

When the IMR accounting standard was developed in 1992, it was supposed to function in declining and a rising interest rate environments, but the NAIC did not finish the work of addressing high ...