The proposed ASU would set more consistent requirements for determining the acquirer when a transaction is achieved by ...

In response to demand from investors, public companies will be required to disclose more information about certain expenses in the notes to financial statements.

The new standards require public companies to provide additional information about specific costs and expenses.

Compliance with the standards update “isn’t going to be cheap” for many firms, but the FASB has taken steps to reduce the ...

The proposed update is set to impact how the carrying amounts of assets and liabilities are determined in a business ...

In June the FASB voted 7-0 for the more targeted update, even as some expressed concerns about not going far enough to ...

One 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 Changes ...

FASB News Proposal for Variable Interest Entities Deals Seeks to Simplify Tricky Guidance FASB has proposed narrow changes to the way companies determine ...

Generally accepted accounting principles ... The Financial Accounts Standards Board (FASB), a nonprofit organization given regulatory authority by the SEC in the 1970s, establishes specific ...

(1) The Company adopted Financial Accounting Standards Board Accounting Standards Codification ("FASB ASC") 842 "Leases" using the modified retrospective approach as of January 1, 2019. The Company ...

Commissions do not affect our editors' opinions or evaluations. Accounting software helps small business owners track their financial accounts, income and expenses, prepare for tax season and keep ...

IASB News ISSB Defers Decision on Sustainability-Related Disclosures in Management Commentary The International Sustainability Standards Board (ISSB) has ...