An update from the Financial Accounting Standards Board concerning capitalizing software is on the way. The new pronouncement, ASU 2025-06, ...

Governmental Accounting Standards Board chair Joel Black has been overseeing GASB for nearly two years as state and local governments deal with the continuing fallout from the pandemic while ...

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 American Institute of CPAs and the Chartered Institute of Management Accountants have proposed a framework with the goal of bringing consistency to management accounting practice across the world.

Kingland Systems ("Kingland"), a leading enterprise data, risk, and regulatory software provider, announces the launch of its Firm of Tomorrow framework for public accounting investment, a ...

Members of Congress have recently introduced bipartisan legislation to delay the implementation of a new accounting standard that will require many banks to more carefully calculate, and report in ...

Discover how accruals affect company finances, with insights into the accrual accounting method, its applications, and examples illustrating its principles.

A recent meeting of minds in the scenic beach town of Norwalk, Connecticut, may boost the future value of your investment portfolio. And Chicago Booth’s formidable accounting faculty helped bring it ...

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 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 ...

Disputes between what accounting standards permit and what regulatory authorities in Kenya allow have become increasingly frequent over the years, particularly in relation to line items that directly ...