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

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 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 ...

Lease accounting is becoming more complex and detailed for private companies and not-for-profit entities. Business valuations may also be impacted by the new standard.

Compare AS 11 and Ind AS 21 on accounting for foreign exchange rates. Understand the differences in how they handle monetary items, and the capitalization of exchange ...

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 ...