The board wanted to make clear that all public companies must comply with the new expense disclosure requirements in ...

FASB on Monday published an Accounting Standards Update (ASU) that clarifies for non-calendar-year-end entities the interim effective date of ASU No. 2024-03, Income Statement — Reporting ...

The feedback is expected to improve financial accounting and reporting and aims to provide investors useful information.

The Financial Accounting Standards Board published an Invitation to Comment and asked stakeholders for feedback on its future standard-setting agenda.

Q What are the best ways to avoid derivative surprises?

State schools Superintendent Ryan Walters, who promised to overhaul social studies standards for Oklahoma classrooms, released his set of proposed new standards on Thursday morning. In a news release ...

Accounting is a broad field that includes diverse career paths, and accountants do more than just crunch numbers all day. They help businesses and individuals solve their biggest financial ...

Wrapped tokens were excluded from the scope of the new guidance since the FASB observed that such tokens could have unforeseen consequences. The Financial Accounting Standards Board (FASB) issued an ...

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BEIJING, Dec 13 (Reuters) - China's industry ministry will set up an artificial intelligence standardisation technical committee focusing on developing industry standards in areas such as large ...

Under FASB Accounting Standards Codification ("ASC") Topic 606, unbilled deferred revenue is not included as a receivable or deferred revenue on our Condensed Consolidated Balance Sheet.

Patty Pogemiller, managing director of global talent experience for Deloitte, one of the world's "Big Four" accounting firms, writes in an email, "Problem solving skills are essential in a client ...