The new standard marks the 11th accounting standards update issued by the FASB this year, up from four for the full 2024 and ...

The Accounting Standard Update aims to clarify existing reporting requirements, in part by creating a comprehensive list of ...

Kurt Hohl, who became the securities regulator’s chief accountant in July, talks about his plans for oversight.

A new Accounting Standards Update establishes previously missing GAAP guidance related to the recognition, measurement, and ...

The standards update fills a gap in the generally accepted accounting principles that previously left many companies turning ...

The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) providing official guidance ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Somer G. Anderson is CPA, doctor of ...

Accounting is a powerful word. Investorwords.com defines it as "The systematic recording, reporting and analysis of (the) financial transactions of a business." The two organizations that regulate ...

For the black-and-white reputation that accounting has, the profession allows transactions to be accounted for in many different ways. The preferred method of accounting for a transaction depends on ...

"These are real burdens to industry and real burdens to investors thinking about getting involved in the space," said Zach Prince ...

The Financial Accounting Standards Board issued an accounting standards update with guidance on accounting for government ...