Discover the key differences between IFRS and GAAP accounting standards, and learn how they impact financial reporting for ...

With the new accounting standards weighing on companies that offer subscriptions as at least a portion of their businesses models, the first step is to admit there’s a problem. Processing Content The ...

The Financial Accounting Standards Board, FASB, is a private, independent organization that since 1973 has been given the authority by the U.S. Securities and Exchange Commission, or SEC, to establish ...

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

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 ...

We take accounting standards for granted — whether it is the U.S.’s generally accepted accounting principles or the International Financial Reporting Standards. We shouldn’t. In the U.S., accounting ...

In recent years, the demands of international business have forced the accounting profession to examine how it records transactions and creates financial reports. With the growth in Internet commerce ...

The Financial Accounting Standards Board issued new standards providing specific guidance for how companies should account for government grants they receive, according to a Thursday press release ...

IASB has shared plans that could involve addressing crypto and digital assets as part of its broader efforts to update existing accounting frameworks in 2026.

The Financial Accounting Standards Board’s (FASB) recent lease accounting standards (ASC 842) are impacting toll agreements for stand-alone battery energy storage systems (BESS). These standards ...

Many companies and accounting firms have been focusing on new standards on revenue recognition and accounting for leases, hedging, and credit losses. But another new FASB standard — on cloud computing ...