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

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

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

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

The US Financial Accounting Standards Board (FASB) and the Accounting Standards Board of Japan (ASBJ) have held a thirty-fifth bilateral meeting in Tokyo, Japan. This is part of their cooperative ...

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 ...

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 ...

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.