Existing accounting standards have led to “scope creep,” with derivative standards being applied too often, FASB Chair ...

non-GAAP figures reported. All public companies in the U.S. are required to use generally accepted accounting principles (GAAP). Financial statements created using these principles are filed on a ...

Generally Accepted Accounting Principles, often known by the acronym GAAP, is a set of accounting rules created to govern financial reporting for corporations in the United States. Publicly traded ...

Accounting related to revenue recognition issues has been one of the thornier subjects tripping up report preparers in recent ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Suzanne is a content marketer, writer, and fact-checker. She holds a ...

The body expects to finalize new rules on accounting for software costs, environmental credits and government grants in 2025, ...

The Financial Accounting Standards Board released a paper on how to apply its revenue recognition standard to construction ...

Purpose: To provide an overview of the fundamentals for basic fund accounting and the financial reporting structure within the context of higher education accounting, Generally Accepted Accounting ...

Watchara Piriyaputtanapun / Getty Images There are differences between how the U.S. Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS ...

The author found mentions by 22 companies, but fewer than five instances where the impact of tariffs was excluded from a ...

FASB’s accounting guidance for troubled debt restructuring by creditors would be eliminated for organizations that have adopted its credit losses standard, under a proposal the board issued Tuesday.

The US Securities and Exchange Commission (SEC) has accepted the 2025 taxonomies for financial reporting as announced by the Financial Accounting Standards Board (FASB). These taxonomies include ...