Learn how International Financial Reporting Standards (IFRS) create global accounting consistency, enabling transparent and comparable financial reports in 169 jurisdictions.

The International Financial Reporting Standards Foundation revised its Due Process Handbook, outlining the steps used for ...

Accounting principles are the rules that public companies must use when preparing and disclosing their Accounting principles ...

The Financial Accounting Standards Board added a project to its technical agenda to allow insurance companies to use the ...

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 ...

If you own a small business in the U.S. that is privately held but sells goods and services overseas, the Securities and Exchange Commission doesn't require your company to adhere to the generally ...

The accounting profession is subjected to strict guidelines for professionalism and ethics, often regulated by federal law. Since accountants deal with the lifeblood of companies and organizations – ...

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 ...

The insurance industry has long sought the change for hedge accounting related to life insurance policies and other ...

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 ...

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 ...