The Financial Accounting Standards Board released a post-implementation review Monday of its revenue recognition standard, reflecting on the benefits and costs of the wide-ranging standard a decade ...

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There are two dominant systems of accounting used by corporations around the world. In the U.S., companies use the generally accepted accounting principles, or GAAP, while international companies use ...

The Financial Accounting Standards Board released a staff educational paper Tuesday to answer questions about how to apply its revenue recognition standard to presentation and disclosures to ...

Accounting rules for hedging are designed to be better aligned with a company’s risk management activities under a new standard issued by FASB. The SEC has issued a staff accounting bulletin to bring ...

Earlier this week, the Financial Accounting Standards Board (FASB) together with the International Accounting Standards Board (IASB) issued a converged standard for how to recognize revenue in ...