William Isaac and Thomas Vartanian unfortunately conflated two separate issues in their recent commentary about the Financial Accounting Standards Board: (1) FASB’s new standard for banks and other ...

Learn about accounting interpretations, why they matter, and how they clarify standards, prevent errors, and provide consistency in financial reporting.

An equipment sale leaseback of your waste and recycling equipment can be a viable option worth exploring to unlock the equity in your equipment and ...

FASB issued a new accounting standard Thursday that is designed to help not-for-profits tell their story through their financial statements. Not-for-profit financial statements have been prepared ...

Discover the three essential financial statements required by GAAP: income statement, balance sheet, and cash flow statement, ...

The Financial Accounting Standards Board is making plans for its future projects, including digital assets, intangibles, government grants, and accounting for financial instruments with environmental, ...

Effective dates will be delayed for private companies and certain other entities for FASB’s standards on accounting for leases, credit losses (known as CECL), and hedging after a unanimous vote ...

US accounting standard maker will also consider how companies should recognise and report transfers of crypto assets.

The Financial Accounting Standards Board has appointed Hillary H. Salo, a partner at KPMG, as its new technical director and chair of the Emerging Issues Task Force. She started her accounting career ...

In 1973, the Financial Accounting Standards Board was established to develop a set of financial accounting standards known as generally accepted accounting principals for the private sector. GAAP ...

Russell Golden never set out to be a lightning rod for bankers. Golden, who recently wrapped up 16 years at the Financial Accounting Standards Board — the last seven as chairman — thought he would ...