Discover how Statements of Financial Accounting Standards (SFAS) guide U.S. accounting principles. Learn about their impact and why they've been replaced.

Learn the essential components and how-to of an accounting manual, a vital resource containing your business's accounting ...

Accounting is a powerful word. Investorwords.com defines it as "The systematic recording, reporting and analysis of (the) financial transactions of a business." The two organizations that regulate ...

The Governmental Accounting Standards Board has issued an end of the year Statement which addresses inconsistencies in the financial reporting and definition of an accounting wormhole.

Taiwan is set to overhaul accounting rules to help life insurers ease the impact of foreign-exchange valuations on their ...

For the black-and-white reputation that accounting has, the profession allows transactions to be accounted for in many different ways. The preferred method of accounting for a transaction depends on ...

The December A&A Focus webcast reviewed FASB ASUs becoming effective for calendar year-end engagements and looked forward to 2026, delivered practical insights on determining lease terms under FASB ...

Like others, we've watched a slowly developing controversy over the question of whether accounting standards should be "principles-based" or "rules-based." When Sarbanes-Oxley was passed, it required ...

The changes in revenue recognition rules by the Financial Accounting Standards Board (FASB) were seen by most in light of what it might mean to Apple earnings, as it would no longer have to delay ...

When a company or individual makes an investment, the obvious goal is for that investment to increase in value over time. However, until the investment is sold, these capital gains are unrealized-- in ...

CFOs are finding the scrutiny of new accounting rules is helping them streamline their lease management and save money, but there are challenges. Despite being given three full years to prepare for ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The introduction of the euro and the adoption of International Financial Reporting Standards (IFRS) in the EU ...