Deloitte offers five strategies to help find efficiencies and avoid unnecessary disturbances.
A new federal government accounting standard is designed to provide concise and meaningful information about insurance costs and liabilities.
The IASB issued clarifications to standards related to income taxes, borrowing costs and investments in associates and joint ventures.
FASB addressed balance sheet classification of debt and the disclosure requirements for inventory under the board’s Disclosure Framework.
The definition was clarified because of concerns that many transactions that should be considered asset acquisitions were being recorded as business acquisitions for accounting purposes.
The latest drafts address issues in the aerospace and defense, telecommunications, and time-share industries.
Three possible alternative recognition approaches for governmental fund reporting are included in an Invitation to Comment issued by GASB.
Financial statement preparers and auditors face important challenges as they implement FASB’s new revenue recognition standard.
The new standard is meant to simplify income tax reporting.
The new standard affects the determination of the primary beneficiary.
FASB proposed a technical correction to the new financial reporting standard for not-for-profits that the board issued in August.
FinREC is developing an implementation guide.
The change would clarify the 'customer' in certain arrangements.
Most of the Q&As pertain to liquidation.
Regulator embraced enhanced data analytics and technology in enforcement during her nearly 4-year tenure.
In technical improvements issued Wednesday, the FASB addressed 13 narrow issues related to its new revenue recognition standard.
Before finalizing its proposed targeted improvements to accounting for long-duration insurance contracts, FASB should field-test them, two AICPA groups recommended in a joint comment letter.
FASB issued numerous technical corrections and clarifications to GAAP that are designed to remove inconsistencies in the board’s accounting guidance.
The Private Company Council is encountering challenges as it advocates for the smallest private companies in FASB’s process for setting accounting standards.
Audit committees can use a new tool to exercise their oversight role during implementation.