The Financial Accounting Standards Board is making progress on its disclosure framework project, which aims to establish an overarching framework to help the board establish requirements for ...

NORWALK, Conn.--(BUSINESS WIRE)--When the Financial Accounting Standards Board (FASB) issues a final standard, it means the FASB has concluded that the benefits derived from the standard justify the ...

Discover the key differences in inventory accounting between GAAP and IFRS, including valuation methods, write-down reversals, and costing formulas.

Discover how the Accounting Principles Board (APB) set foundational accounting standards and influenced today's GAAP under the FASB in the financial reporting world.

Accounting and financial professionals must abide by ethical standards that regulate what kind of business they conduct, who they serve and how they use their skills. Ethical standards are determined ...

It should be no surprise that accounting standards have become more complex over the years. Transactions have become increasingly challenging as new products and services emerge and financial ...

Generally Accepted Accounting Principles and Governmental Auditing Standards differ and cover different aspects of the financial reporting process. GAAP defines how businesses, both public and private ...

Purpose: To provide an overview of the fundamentals for basic fund accounting and the financial reporting structure within the context of higher education accounting, Generally Accepted Accounting ...

“Those who fail to learn from history are doomed to repeat it.” Winston Churchill’s words should serve as a warning to the Financial Accounting Standards Board (“FASB”) regarding the Current Expected ...

NORWALK, Conn.--(BUSINESS WIRE)--The Board of Trustees of the Financial Accounting Foundation (FAF) today announced that it has appointed Richard R. Jones as the next chair of the Financial Accounting ...

Larger M&A transactions and the resurgence of SPACs are reshaping the market, increasing the stakes for accurate, timely, and well-informed accounting decisions.

The CFOs of public companies and companies aspiring to go public know all too well that public reporting and, in particular, financial reporting is a rigorously demanding process. The constant influx ...