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

The Financial Accounting Standards Board has issued a new Accounting Standards Update to address growing confusion over what qualifies as a derivative under U.S. GAAP. The move responds to concerns ...

The US accounting board advanced an effort clarifying how companies should measure in their financial reports certain ...

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

The standards update fills a gap in the generally accepted accounting principles that previously left many companies turning ...

The Financial Accounting Standards Board released an accounting standards update to improve its codification of standards on different topics.

NORWALK, Conn.--(BUSINESS WIRE)--The Board of Trustees of the Financial Accounting Foundation (FAF) today announced that it has appointed Richard R. Jones as the next chair of the Financial Accounting ...

Discover how AAOIFI sets global Shari’ah standards for Islamic finance, ensuring ethical practices in banking, investment, ...

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

With the news that the Financial Accounting Standards Board (FASB) is asking for feedback on its future research agenda, there is no shortage of important areas to address. That said, and not taking ...

Given new standards, changes in the economy, and corporate trends, accounting and financial reporting seem to grow more complex every year. The Financial Accounting Standards Board (FASB) has tried to ...