The Financial Accounting Standards Board is offering optional guidance on the measurement of credit losses for accounts ...

With the new accounting standards weighing on companies that offer subscriptions as at least a portion of their businesses models, the first step is to admit there’s a problem. The Financial ...

ESG efforts will continue to grow in importance, and we’ll likely see this shape the future of lease accounting, including a ...

Entitled 'Reality of accounting for carbon-related instruments', the study examines the annual reports of 300 companies in ...

The global accounting rule-writer could pivot toward tackling a trio of projects as it weighs a possible delay in crafting its next work plan.

The introduction of FAS 157 was hardly noticed by those outside the accounting profession. In 2006, when the standard was issued, the capital markets were strong and asset holders were apparently ...

When the IMR accounting standard was developed in 1992, it was supposed to function in declining and a rising interest rate environments, but the NAIC did not finish the work of addressing high ...

The introduction of Accounting Standards Update No. 2016-02 by the Financial Accounting Standards Board, which codified the standard as ASC 842, requires all leases longer than one year in length ...

The lease accounting standard takes effect for public companies in 2019 and for most other entities in 2020. It is designed to provide investors with more information by bringing lease assets and ...

Hand in hand with the adoption of new accounting standards is a company’s focus on ICFR, which contributes to reliable financial reporting, is a first line of defense for preventing or detecting ...

The standard imposed minimal changes on lessor accounting, and FASB chose not to create a transition resource group (TRG) for lease accounting. The board did create TRGs to aid preparers with ...