IASB Proposes Changes to Reporting of Profit and Income
The proposals represent "a game changer in the comparability and usefulness of financial statements," said IASB Chair Hans Hoogervorst.
Ready or Not, Here It (Rev Rec Standard) Comes
Many companies are underestimating the need to establish a stable, sustainable revenue recognition process under the new standard, says SAP's CAO.
FASB Seeks Rescue of Stranded Taxes
Under a Financial Accounting Standards Board proposal, companies could reflect the effects of the new 21% rate on their balance sheets.
Companies Piling Losses onto Balance Sheets
Freewheeling reporting rules on other comprehensive income set the stage for earnings management, researchers assert.
Microsoft Scales Accounting Mountain
Microsoft adopts both the new revenue recognition and lease accounting standards early.
What a Corporate Tax Cut Might Mean to Your Company
How to estimate the effects of a tax cut on your company's deferred taxes.
What’s Behind Financial Statement Placement Order?
The order in which a company presents financial statements may present clues about how it wants to be viewed by investors and analysts.
With Focus on Revenue, FASB Eyes Nonfinancial Assets
FASB launches a proposal to fill in gaps in its revenue recognition standard.
The Struggle to Simplify Accounting
Companies just don’t want to give up the flexibility to manage financial reporting that's provided by the complexity of accounting standards.
FASB Rids Income Statements of ‘Extraordinary Items’
FASB issues an accounting standards update that eliminates the "Extraordinary Items" classification.
Prepping the Financials for a Sale
Don't let material balance sheet errors, insupportable earnings projections or revenue recognition errors stop a buyer from acquiring your company.