FASB Votes to Defer Revenue Recognition Rule
The board votes to delay implementation for one year, after previously debating a two-year deferral.
PCC Worried About Debt Classification Change
Private companies say a new, principles-oriented approach for classifying debt as either "current' or 'noncurrent' may have unintended consequences.
Wanted: More Accountants
HR professionals say they have more openings for staff accountants than last year, but companies are still exercising restraint when filling positions.
Lease Accounting Standard Inches Forward
Despite disagreements about how to report leases, standard setters held firm Wednesday on putting all of them on the balance sheet.
HP Audit Finds Proof Autonomy Fudged Accounting
Computer giant files report saying it has evidence that the British software firm inflated reported revenues prior to HP deal.