Accountancy Age2h
FASB targets greater transparency with latest accounting standards update
The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that mandates new expense ...
cfodive1d
FASB issues new, long-anticipated income statement expense rules
Compliance with the standards update “isn’t going to be cheap” for many firms, but the FASB has taken steps to reduce the ...
Accounting Today1d
FASB issues standard on income statement expenses
In response to demand from investors, public companies will be required to disclose more information about certain expenses in the notes to financial statements.
New Corporate Expense Reporting Promises Investors More Clarity
Investors are slated to get their hands on new details about major costs that drive corporate income from rising payroll ...
FASB publishes narrow software accounting revamp proposal
In June the FASB voted 7-0 for the more targeted update, even as some expressed concerns about not going far enough to ...
How Do Investors and Lenders Benefit From Financial Accounting?
Investors and lenders rely on financial accounting to obtain critical information about the financial stability and risks of ...
Firms Battle Global Deals Accounting Changes Backed by Investors
Companies oppose being forced to disclose in financial statements how well their business acquisitions have performed, ...
FASB advances credit loss accounting relief for private firms
The credit loss rules grew out of the financial crisis and the concern that banks were delaying recognizing ...
Accounting Principle vs. Accounting Estimate: What's the Difference?
An OverviewOne area where the Fair Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) agree is with the treatment of accounting changes.SFAS 154, Accounting ...