Instead, the proposed ASU would offer greater clarity about the current interim reporting requirements. The amendments in the proposed ASU would clarify that the guidance in Topic 270, the part of the ...

Prepared at the direction of the FASB chair, the ITC is part of FASB’s research project on financial KPIs for business ...

Generally accepted accounting principles (GAAP) require that all inventory reserves be stated and valued using either the ...

Intangible assets aren’t being captured in the merger review thresholds that federal antitrust agencies rely on, a paper ...

But the question of how, and when, profits are recognized for tax purposes is driven heavily by the application of ...

The author and editors take ultimate responsibility for the content. Generally accepted accounting principles, or GAAP, is a set of accounting standards followed by most U.S. businesses ...

The Financial Accounting Standards Board on Tuesday published a proposed accounting standards update that would provide “targeted improvements” in how companies would account for so-called "internal ...

The new standards require public companies to provide additional information about specific costs and expenses.