Financial reporting

The board released a proposed ASU with the goal of improving the guidance for lessees that are not public businesses.

By creating a more efficient and strategic finance team and improving their access to data, AI helps them gain the ability to more closely manage and control money.

The Governmental Accounting Standards Board issued a proposal to improve the accounting and financial reporting requirements for state and local governments.

FASAB is looking for input on a proposed interpretation of the federal financial accounting standards for cancelled debt.

A sizable chunk of private companies still aren’t ready to implement the new lease accounting standard before the end of the year, despite postponements in the deadline due to the pandemic.

Knowing where your client’s business stands financially has never been more critical for its financial health than now.

There's a lot more to think about than just organizing their financial reports and getting their bills paid.

Accounting for real estate owners has become more difficult since the pandemic broke out last year as tenants stopped paying rent, rules changed for leases, and unused office space proliferated.

The Financial Accounting Standards Board released a proposed accounting standards update Wednesday to better line up a company’s hedge accounting with its risk management strategies.

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.

Plug Power Inc.’s accounting errors sent shares of the fuel-cell maker plunging on Wednesday, dragging down its peers.