Nearly four years after dropping a years–long project that would have changed goodwill accounting, the FASB is wrestling with ...

The Financial Accounting Standards Board has voted to add a project to its technical agenda on market-return cash balance ...

Nonprofit organizations are entities that perform charitable services by accepting funds from the general public. To help regulate activities and encourage the proper use of funds, accounting ...

The Financial Accounting Standards Board (FASB) is taking aim at how market-based cash balance plans measure liabilities for accounting purposes, potentially eliminating a long-standing cause of risk ...

Private and governmental entities use separate accounting standards to create their financial statements and manage their funds. Without knowing the differences between the standards, it is harder for ...

We take accounting standards for granted — whether it is the U.S.’s generally accepted accounting principles or the International Financial Reporting Standards. We shouldn’t. In the U.S., accounting ...

The International Public Sector Accounting Standards Board released a standard to help entities consistently report ...

Given new standards, changes in the economy, and corporate trends, accounting and financial reporting seem to grow more complex every year. The Financial Accounting Standards Board (FASB) has tried to ...

In early 2020, the COVID-19 pandemic added another element of business disruption for organizations to manage while the effective dates to comply for FASB’s new lease accounting standards were quickly ...

In a prior article, I wrote about the appeal of counting the Federal Government as a customer, because of the size of the government’s budget, as well as its creditworthiness. In that article, I ...

Discover how micro accounting works at personal, corporate, and government levels. Learn its processes and how it contrasts with macro accounting strategies.