The Federal Accounting Standards Advisory Board (FASAB) issued a proposal Monday that would change lease accounting for federal government entities. Proposed Statement of Federal Financial Accounting ...

Learn the principles of financial accounting, its importance, and how it functions to provide a clear picture of a company's financial health and compliance.

The whole point of accounting is to present a precise financial picture of your business operations. By the accepted standards of the industry, financial accounting consists of five basic elements.

The Financial Accounting Standards Board will evaluate two weighty issues in 2025 on how companies report their performance metrics and research and development spending as it looks to refill its ...

The Financial Accounting Foundation, the group that oversees the Financial Accounting Standards Board and the Governmental Accounting Standards Board, plans to improve free online access to both ...

Executives at large public companies are concerned about the Financial Accounting Standards Board’s plan requiring them to further break down labor and other operating expenses that appear on their ...

Forbes contributors publish independent expert analyses and insights. Bitcoin journalist and financial analyst based in London. The Financial Accounting Standards Board recently introduced a ...

Five years after the Financial Accounting Standards Board (FASB) first issued new revenue recognition rules, we finally get to see its impact on reported financials. The new standard was originally ...

Members of the international Financial Crisis Advisory Group warned at a meeting in London that political pressure on accounting standard-setters posed a threat to the very existence of international ...

The Federal Accounting Standards Advisory Board (FASAB) proposed to change lease accounting for federal government entities. The proposal would include a comprehensive set of lease accounting ...