Generally accepted accounting principles
FASB Revisits the Cash-Flow Statement
FASB member Marc Siegel tells why the board is revisiting the cash-flow statement.
FASB Moves Closer to Intangible Assets Exception
The Private Company Council votes to exempt private companies from having to separately recognize certain kinds of intangible assets.
Former SEC Chair Cox Declares IFRS “Bereft of Life”
The former chairman of the SEC declares that full-scale adoption of IFRS in the United States is no longer possible, but his European counterparts disagree.
Harder to Recognize
Under FASB’s forthcoming standard, revenue recognition will require more brainpower than ever.
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.
Foreign-Entity Reconciliation Strategies
Aligning accounts and tracking foreign accounting standards can become unruly. Here's how to approach it.
A New Direction for Goodwill
A recently released alternative for goodwill accounting could save private companies money and time.
Building a Better Income Statement
If neither companies nor investors find GAAP-reported earnings useful, it’s clearly time for a new approach.
The New Crisis Report: What’s in It for CFOs?
Two members of a high-level accounting advisory group say that their recommendations are not just aimed at regulators and standard-setters, but corporate finance executives, too.
Figuring Out the Fair Value of a Liability
FASB's new proposed guidance won't change the odd practice of booking a gain when the value of a liability tanks.