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 ...

Using standard accounting methods benefits any small business. For those looking to level up their financial reporting, adopting generally accepted accounting principles (GAAP) can unlock new ...

The Financial Accounting Standards Board (FASB), which sets U.S. GAAP standards, has clarified key language around its new revenue-recognition guidelines. Until a November 29 meeting, there were ...

What are some of the most important recent changes in U.S. GAAP Accounting Standards? Why is it important for public and ...

The Financial Accounting Standards Board has proposed a set of technical corrections and improvements to its revenue recognition accounting standard. FASB and the International Accounting Standards ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

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 ...

Private company franchisors will be able simplify their revenue recognition accounting under a standard issued Thursday by FASB. The new Accounting Standards Update provides a practical expedient that ...

If you run a small business, you may not know much about the Generally Accepted Accounting Principles (GAAP). After all, GAAP standards apply mainly to publicly traded companies, so these rules don’t ...

What Are Generally Accepted Accounting Principles (GAAP)? Your email has been sent Understanding GAAP is essential for anyone involved in finance or accounting. Learn the key principles and their ...

When a public company issues a financial statement, everything needs to be clear and well-understood by everyone reading it. To ensure this, it’s paramount to have a baseline for reporting. That’s ...