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

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

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

FASB published an Accounting Standards Update requiring public companies to disclose additional information about certain expenses in the notes to financial statements.

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

(Photo by Robyn Beck / AFP) (Photo by ROBYN BECK/AFP via Getty Images) The FASB just released a proposal on “Income-Expense Disaggregation,” that addresses at least some of these concerns.

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

The credit loss rules grew out of the financial crisis and the concern that banks were delaying recognizing ...

Responsibility for enforcement and shaping of generally accepted accounting principles (GAAP) falls to two organizations: The Financial Accounting Standards Board (FASB) and Securities and ...

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

FASB published a proposed Accounting Standards Update that is intended to improve the requirements for identifying the accounting acquirer in a business combination.