gaap Archives - CFO

Why Cryptocurrency Transactions Matter

Why Cryptocurrency Transactions Matter

While it’s not for everyone, there are some circumstances where limited cryptocurrency involvement can make sense for traditional companies.

By Justin Wilcox | July 14, 2021

FASB Launches Agenda Consultation Project

Revenue Recognition

FASB Launches Agenda Consultation Project

The first in five years, the project seeks comments about the Financial Accounting Standards Board's future standard-setting agenda.

By Vincent Ryan | June 28, 2021

The Importance of Accounting Comparability

The Importance of Accounting Comparability

Could deviating from industry norms and employing atypical accounting choices hurt companies and managers?

By Vincent Ryan | July 6, 2020

Bridging the Gaps in GAAP

Bridging the Gaps in GAAP

Here are eight critical considerations for combating the creativity crisis in accounting.

By David McCann | October 16, 2019

Companies Urged to Stay Abreast of Accounting Proposals

Revenue Recognition

Companies Urged to Stay Abreast of Accounting Proposals

Not paying close attention to proposed accounting standards and not commenting when there are concerns can have important consequences, experts say.

By David McCann | May 13, 2019

ADT Fined Over Reporting Failures

Risk & Compliance

ADT Fined Over Reporting Failures

Security company ADT was hit with a $100,000 fine from the SEC over failure to report under GAAP when presenting its financial numbers.

By William Sprouse | December 27, 2018

Internal Controls Violations in Cyber-Fraud Cases?

Risk & Compliance

Internal Controls Violations in Cyber-Fraud Cases?

The SEC takes the position that public companies must assess and calibrate internal accounting controls for the risk of cyber frauds.

By Howard Scheck | November 15, 2018

Study Finds Disturbing Evidence of Earnings Management

Management Accounting

Study Finds Disturbing Evidence of Earnings Management

Not only companies but also stock analysts and earnings-data clearinghouses are linked to the deception.

By David McCann | August 2, 2018

Controller Charged in Revenue Recognition Scheme

Working Capital

Controller Charged in Revenue Recognition Scheme

The SEC says a sales scheme that inflated financial results at Maxwell Technologies should have been detected by the former CEO and former controller.

By Vincent Ryan | March 27, 2018

Investors Speak: Down With GAAP!

Risk & Compliance

Investors Speak: Down With GAAP!

Non-GAAP metrics command far more attention from investors than do the official numbers, new research shows.

By David McCann | December 18, 2017

Revenue Recognition: Here at Last

Growth Companies

Revenue Recognition: Here at Last

How much do you know about FASB's new rules on revenue recognition? Take our quiz to find out.

By CFO Staff | December 5, 2017

Companies Get Help with Materiality Definition

Global Business

Companies Get Help with Materiality Definition

The International Accounting Standards Board responds to companies’ call for help with materiality in financial statements.

By David Katz | September 19, 2017

New Hedging Rules Will Cut Reporting Costs: FASB

Risk Management

New Hedging Rules Will Cut Reporting Costs: FASB

The new accounting standards update drops a requirement that companies must measure and report “hedge ineffectiveness.”

By David Katz | August 29, 2017

SEC’s Non-GAAP Guidance Should Be Withdrawn

Risk & Compliance

SEC’s Non-GAAP Guidance Should Be Withdrawn

Sometimes, the commission’s metrics guidance works against the interests of financial-statement users, a capital markets expert says.

By Charles Lundelius | May 19, 2017

SEC Fines GM $1M Over Accounting for Recall

Risk & Compliance

SEC Fines GM $1M Over Accounting for Recall

A defect in GM's internal controls allegedly prevented its accountants from learning about a safety issue for 18 months.

By Matthew Heller | January 19, 2017