The approach is designed to reflect the value of assets used for delivering services rather than generating cash.

Under the new rules, companies will be required to recognize environmental credits as assets on their balance sheet and ...

The Financial Accounting Standards Board set new requirements, but walked back what businesses need to disclose from last ...

The International Auditing and Assurance Standards Board posted new documents to help jurisdictions implement its recent ...

The Financial Accounting Standards Board’s (FASB’s) new lease accounting standard will become effective for private companies and not-for-profits beginning with fiscal years that start after ...

FASB chair Richard Jones said: “We extend our thanks to Chair Kawanishi and the ASBJ for hosting our 2025 bilateral meeting in Tokyo. Our discussions on standard-setting projects of mutual ...

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 ...