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

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 ...

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 ...

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

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 ...

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 ...

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 ...

The March A&A Focus webcast featured a deep dive into step 4 of the five-step revenue recognition process outlined in FASB ASC Topic 606, as well as news on new auditing standards exposure drafts. The ...

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

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

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.