Financial reporting

The Financial Accounting Standards Board’s new hedge accounting standard is prompting some companies to adopt the standard ahead of the Jan 1, 2019 effective date, though many companies are still not using hedge accounting at all.

The underlying challenges are becoming more apparent in comment letters from the Securities and Exchange Commission.

The Prince of Wales’ Accounting for Sustainability project and the International Integrated Reporting Council intend to promote sustainability reporting and integrated reporting at the World Congress of Accountants that’s set to take place in Sydney, Australia in early November.

Touting figures may give companies a short-term boost, but often leads to a long-term drop.

The International Integrated Reporting Council has tapped a former global managing partner at McKinsey & Company as its new head.

Two new documents from the board suggest enhancements to the reporting model, and new ideas about recognizing elements in financial statements.

In the first case of its kind, the commission assessed $250,000 in penalties.

FloQast, a provider of close management software, is eyeing the problems with the new revenue recognition standard, especially for privately held technology companies like itself.

Bloomberg Tax has introduced a leased assets application to help organizations comply with the Financial Accounting Standards Board’s new leasing standard.

Auditors will be exempted from some independence requirements to help clients reconstruct records.

Many companies are finding the transition to the new accounting standards to be trickier than expected.

Twitter Inc. shares are sliding after one Wall Street bear rang the alarm on the firm’s spending, flagging “smoke and mirrors on the cost line.”

Profs. Miller and Bahnson reprise an old column to take down an old proposal that's gained some new adherents.

The council's annual report claims growing acceptance of the framework around the world.

The turmoil at the electric-car maker reached a fever pitch Friday, as news emerged that two senior executives will leave a matter of hours after the CEO smoked marijuana during an hours-long interview with a comedian.

The new guidance aims to clarify how to account for a state or local government’s stake in an organization that stays legally separate after it’s acquired.

President Trump’s recent tweet suggesting the SEC rethink the requirement for public companies to report their results quarterly has ignited a debate about this topic.

The Financial Accounting Standards Board released an accounting standards update Wednesday aimed at decreasing the complexity of accounting for costs of implementing a cloud computing service arrangement.

The Financial Accounting Standards Board made two changes to its conceptual framework and released a pair of accounting standards updates aimed at making disclosures in notes to financial statements more effective.

As Noble Group’s troubles mounted, the role of Singapore’s regulators has come under scrutiny.