Financial reporting

Goodwill impairments recorded by public companies declined in 2019, but the COVID-19 pandemic appears to have caused it to spike in 2020, based on early reports.

The lens through which we view a company affects how we measure success. A more complete picture contributes to a more unified understanding of value.

The Financial Accounting Standards Board approved a tweak to the goodwill rules for private businesses and not-for-profits, giving them more flexibility on when to do impairment assessments of triggering events.

CFOs and other finance executives are finding they need to reforecast their company’s liquidity and cash flow on a weekly and even daily basis as they cope with the pandemic.

Like most financial instruments, special purpose acquisition companies present risks and rewards, and require due diligence from accounting firms to help avoid landmines.

The pandemic has yet to subside in any meaningful way, and that means a certain level of uncertainty remains across industries, including accounting.

To the detriment of many state and local governments, budget decisions are being made based on bad accounting information.

The Financial Accounting Standards Board released an accounting standards update Thursday, giving franchisors a practical expedient way to determine their performance obligations under a franchise agreement.

Some leading organizations are taking the SEC’s cue and tightening up their filings to provide stakeholders with better clarity, focus and insight.

Financial executives feel that the requirements for documenting their organization’s internal controls are getting to be too much and many of them are behind the curve when it comes to applying technology for internal control over financial reporting, according to a new report.

The Financial Accounting Standards Board has released an update on its recent guidance on reference rate reforms to clarify its scope.

While organizations would like to see improvement, the consensus is that big updates could make future implementations more confusing.

A KPMG analysis identifies the big issues facing both audit committees and corporate boards in the year ahead.

A recent case is a warning that companies must disclose the financial impact of the pandemic.

The change would make it easier for private companies and nonprofit organizations to evaluate a goodwill triggering event.

The SEC Reporting Taxonomy and GAAP taxonomy still need to be approved by the SEC.

FASB has a project to review goodwill accounting — again. Here's an idea it might want to consider.

For ESG issues, human capital and a host of other areas, traditional accounting rules aren’t a good fit.

The Global Reporting Initiative is responding to a proposal from the IFRS Foundation to oversee sustainability standards alongside international accounting standards.

The International Accounting Standards Board is looking into the standards for consolidated financial statements, or group accounting.