Learn about changes in accounting principles and why businesses make them, as well as the reporting and recording ...

The Governmental Accounting Standards Board released a new standard to improve the financial reporting for state and local ...

The new standard marks the 11th accounting standards update issued by the FASB this year, up from four for the full 2024 and ...

A new Accounting Standards Update establishes previously missing GAAP guidance related to the recognition, measurement, and ...

The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) providing official guidance ...

Accounting is a powerful word. Investorwords.com defines it as "The systematic recording, reporting and analysis of (the) financial transactions of a business." The two organizations that regulate ...

For the black-and-white reputation that accounting has, the profession allows transactions to be accounted for in many different ways. The preferred method of accounting for a transaction depends on ...

The changes in revenue recognition rules by the Financial Accounting Standards Board (FASB) were seen by most in light of what it might mean to Apple earnings, as it would no longer have to delay ...

When a company or individual makes an investment, the obvious goal is for that investment to increase in value over time. However, until the investment is sold, these capital gains are unrealized-- in ...

"These are real burdens to industry and real burdens to investors thinking about getting involved in the space," said Zach Prince ...

The Financial Accounting Standards Board issued an accounting standards update with guidance on accounting for government grants to business entities.