FASB should postpone the effective date of the “significant and complex” ASC 842 for a year for private companies, AICPA says.
Not paying close attention to proposed accounting standards and not commenting when there are concerns can have important consequences, experts say.
For multinationals that must prepare financials under both standards, there are comparability challenges and differing nuances to keep in mind.
Banks with large portfolios of consumer loans and high loan-to-asset ratios may take the worst hits, according to S&P Global Ratings.
Here's what you need to know about FASB's new guidance on "collaborative arrangements" between entities.
Here are CFO editors’ picks for the best accounting stories this year.
Many companies still have plenty of work to do to comply with the new lease accounting standard. What’s holding them up?
Tweaks and additions to the FASB conceptual framework deal with the definition of materiality and the appropriate content in notes to financial statements.
With ASC 842 slated to take effect in just a few months, accounting teams need a methodical approach to implementation. Here is a guide.
How to address challenges when applying the FASB's new principles-based model for revenue recognition.
The nominations of three new directors include former FASB head Leslie Seidman and former AT&T CFO Thomas Horton.
Under a Financial Accounting Standards Board proposal, companies could reflect the effects of the new 21% rate on their balance sheets.
