The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that mandates new expense ...

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

Cencora, Inc. (NYSE: COR) today reported that in its fiscal year 2024 fourth quarter ended September 30, 2024, revenue increased 14.7 percent to $79.1 ...

According to generally accepted accounting principles (GAAP), there are two criteria a company must meet before it can record ...

The author and editors take ultimate responsibility for the content. Generally accepted accounting principles, or GAAP, is a set of accounting standards followed by most U.S. businesses ...

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

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

FASB has proposed narrow changes to the way companies determine the “accounting acquirer” in complex business transactions involving Variable Interest Entities (VIE). The provisions, outlined in ...

Investors and lenders rely on financial accounting to obtain critical information about the financial stability and risks of ...