Financial reporting

The commission said the sports apparel company booked revenues earlier than it should have because it was at risk of missing analyst estimates.

The board released a standards update to improve the accounting for modifications or exchanges of freestanding equity-classified written call options, such as warrants.

Having a positive impact on society is more than just making the world a better place; it also makes good business sense.

COVID-19 has been forcing accounting and finance teams to work remotely since last year, prompting reconsideration of how to do financial reporting in the future.

The amendment promises to reduce losses at the beginning of some types of leasing contracts.

The board proposed changing “comprehensive annual financial report” to “annual comprehensive financial report” because the abbreviation sounds like a racist term in South Africa.

U.S. regulators are throwing another wrench into Wall Street’s SPAC machine by cracking down on how accounting rules apply to a key element of blank-check companies.

The board released an ASU that helps the organizations decrease the complexity of performing a goodwill triggering event evaluation.

Other issues take precedence over environmental, social and governance issues for many finance execs, according to a PricewaterhouseCoopers survey.

The Financial Accounting Standards Board said Tuesday the Securities and Exchange Commission has accepted the latest updates to the GAAP Taxonomy for filing financial statements with the SEC.