Financial reporting

The ASU requires businesses to disclose information about some types of government assistance they receive within the notes to their financial statements.

The Financial Accounting Standards Board issued an update to simplify the discount rate guidance for lessees that aren’t public companies, including private companies, nonprofits and employee benefit plans.

The accounting standards update would help nonpublic companies that provide equity-classified share-based awards to executives.

Financial professionals are confronting some big obstacles when it comes to environmental, social and governance reporting, according to a new survey, including competing and sometimes conflicting disclosure frameworks, reporting methodologies and stakeholder demands.

Boards, shareholders, and auditors alike will want to know CECL’s impact.

The amendments aim to improve the comparability of financial information from companies with investments in equity securities.

A recent statement on corporate reporting says the global profession needs to start with the 2021 reporting cycle.

The company settled claims that it engaged in an expense-management scheme that resulted in inflated earnings.

Government budgets are prepared with “wild, wild west” accounting rules.