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.

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

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

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

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

The Financial Accounting Standards Board seeks public comment on targeted improvements to the reporting of internal-use software.

The Financial Accounting Standards Board on Tuesday published a proposed accounting standards update that would provide “targeted improvements” in how companies would account for so-called "internal ...

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 ...

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 ...