The first step in compliance for many companies following the US Financial Accounting Standards Board’s (FASB’s) issuance of its new leases standard will be an evaluation of whether they possess all the data they need to report under the new rules.
Lessees will be required to recognise assets and liabilities on the balance sheet for the rights and obligations created by all leases with terms of more than 12 months under a new financial reporting standard issued by the US Financial Accounting Standards Board.
The IFRS Foundation trustees announced that Hans Hoogervorst has been reappointed chairman of the International Accounting Standards Board (IASB) for a second five-year term that will begin July 1st.
The International Accounting Standards Board (IASB) issued a much-anticipated new accounting standard that will require all leases to be reported on a company’s balance sheet as assets and liabilities.
FASB and the IASB have reaffirmed amendments they had proposed to clarify principal vs. agent guidance in the new, converged revenue recognition standard.
In two separate exposure drafts, the International Accounting Standards Board proposed changes to its investment property standard and proposed narrow-scope amendments to three other standards.
A new standard that will bring lease assets and liabilities onto company balance sheets received preliminary approval from the Financial Accounting Standards Board.
The daily headlines are filled with stories of companies that were damaged when culture went awry. Here’s how internal audit can deliver value by providing a clear focus on organisational culture.
The International Accounting Standards Board (IASB) published its draft guidance on materiality to help company management determine whether information should be disclosed.
The effective date of the revenue recognition standard is fast approaching. Here are some of the SEC chief accountant’s tips for implementing the new standard.
FASB proposed changes that are designed to improve guidance on collectibility, noncash consideration, and completed contracts at transition in the new revenue recognition standard.
The IASB will propose temporary measures to address concerns about issues insurance companies are facing with implementation of the new financial instruments standard.
The US Financial Accounting Standards Board (FASB) issued an accounting standards update that defers the effective date of its new revenue recognition standard by one year.
