The Financial Accounting Standards Board has released its long-awaited hedging standard, the final component of its financial instruments convergence project with the International Accounting ...

FASB to weigh whether some stablecoins and other digital assets qualify as cash equivalents, as it also decides which of over ...

The new accounting standards update will also increase the information available about liquidity and the availability of resources, he noted. “The ASU requires a not-for-profit to provide certain ...

Lawmakers and business leaders have seen a need to harmonize or integrate, the accounting standards of the United States, which operates under Generally Accepted Accounting Principles (GAAP), with ...

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

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Drilled into the head of every accounting student are the generally accepted accounting principles, or GAAP, that govern the process of accounting. These principles form the foundation on which ...

A new Accounting Standards Update (ASU) aims to better align hedge accounting with an organization’s risk management strategies. The ASU, issued Monday by FASB, expands the current single-layer ...

Sale and leaseback transactions have long been popular because they present benefits to both seller-lessees and buyer-lessors. The accounting for such transactions has changed significantly, though, ...