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.

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

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 ...

Higher third quarter funds flow from operations of $124.7 million ($1.64 per share)— a 34 percent increase over the third ...

CALGARY, AB, Nov. 5, 2024 /CNW/ - Spartan Delta Corp. ("Spartan" or the "Company") (TSX: SDE) is pleased to report its ...

With the debt ceiling being raised yet again to avoid a government shutdown, now is the time to address the root cause of the ...

Generally accepted accounting principles (GAAP) make a greater distinction between the two but this has become less common as the tax advantages of extraordinary items have disappeared.

Infinera Corporation (NASDAQ: INFN) today released financial results for its third quarter ended September 28, 2024. GAAP revenue for the quarter was ...