The ASU’s amendments provide a definition of government grants and provide clarification of their scope.

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 ...

Multiple options for private company financial reporting have emerged this year as standard setters, the AICPA, and other organizations have sought to reduce complexity and costs for small business ...

The Financial Accounting Standards Board has issued a new Accounting Standards Update to address ...

Nonprofit organizations are entities that perform charitable services by accepting funds from the general public. To help regulate activities and encourage the proper use of funds, accounting ...

This article was updated with additional reporting at 5:20 p.m. Eastern. If the thought of organizing your business financial statements gives you a headache, announcements from two leading U.S.

Both the International Accounting Standards Board (IASB) and the Financial Standards Accounting Board (FASB) have recently issued new accounting standards related to lease assets. For public companies ...

If you own a small business in the U.S. that is privately held but sells goods and services overseas, the Securities and Exchange Commission doesn't require your company to adhere to the generally ...

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