FASB Seeks Cut in Lease-Accounting Costs
The board offers an option it thinks will cut paperwork and other expenses linked to its new lease-accounting standard.
Investors on Rev Rec Changes: Who Cares?
The changes to GAAP accounting for revenue recognition won't have a material effect on companies' finances, investors say.
SEC Accountants Voice Resource Constraints
The 50 employees at the Securities and Exchange Commission’s office of the chief accountant try to keep up with technology changes like bitcoin.
Judgment Calls Stalk Revenue Recognition
Non-cash and financing components could become brain busters under the new, principles-based revenue recognition standard.
Rev Rec Rule Transforms Accounting: FASB’s Siegel
The revenue recognition standard will turn a diverse set of industry standards into “one framework about how to think about revenue.”
Sizing Up the New Hedge Accounting Rules
Companies should start preparing soon for the changes slated to take effect in late 2018.
Companies Piling Losses onto Balance Sheets
Freewheeling reporting rules on other comprehensive income set the stage for earnings management, researchers assert.
Companies Get Help with Materiality Definition
The International Accounting Standards Board responds to companies’ call for help with materiality in financial statements.
New Hedging Rules Will Cut Reporting Costs: FASB
The new accounting standards update drops a requirement that companies must measure and report “hedge ineffectiveness.”
Microsoft Scales Accounting Mountain
Microsoft adopts both the new revenue recognition and lease accounting standards early.
New Lease Accounting Rules Pose Challenges, Study Says
The standards take effect in a mere six quarters for public companies, but many have not yet begun, or only recently began, to assess what must be done.