Accounting standards

New tools and new technologies are rapidly changing this core accounting role.

Moving through tax season affords accounting professionals an excellent platform to educate your clients about how best to approach their long game.

The software provider specializes in helping companies get ready for the lease accounting standard.

The withheld information would have “materially impacted” the assessments had it been made available to the auditor, KPMG said in a letter to the fund.

Xerox Corp.’s Chief Executive Officer John Visentin blasted his Fujifilm Holdings Corp. counterpart’s efforts to revive merger talks and warned he doesn’t plan to renew the companies’ Asia joint venture in 2021.

The Governmental Accounting Standards Board has issued guidance outlining the accounting requirements for interest costs incurred before the end of a construction period.

Wiss & Company’s story of how it created a branded client accounting services offering that became successful.

BlackBerry Ltd. plunged the most in a year after investors focused on weak growth in software revenues that the company attributed to a change in accounting standards.

The new guidance provides a stronger framework for deciding whether a contribution is conditional or unconditional.

Does your organization have an implementation plan and adequate system in place that will meet the new requirements?

The changing revenue recognition and leasing rules are prompting various strategies to deal with them.

Bloomberg Tax has introduced an ASC 606 solution for its Advantage tax management system to help companies comply with the new revenue recognition standard.

The Financial Accounting Standards Board hopes to improve the financial reporting for stock compensation.

The U.K. accounting watchdog is ramping up misconduct fines after being called useless and toothless by lawmakers irate at the failure of the accounting industry to prevent several high-profile corporate collapses.

Wesley Bricker, chief accountant at the Securities and Exchange Commission’s Office of the Chief Accountant, told attendees at the Institute of Management Accountants’ annual conference in Indianapolis on Tuesday about the vital role he sees them playing in financial reporting.

The Financial Reporting Council's assessment is fueling calls to reform the industry, including dismantling the “Big Four” players.

Today’s technology gives accountants the ability to advise their clients on an array of business matters far beyond traditional tax or audit services.

The Financial Accounting Standards Board’s Emerging Issues Task Force has made decisions on some new rules.

Limited guidance from the IRS and accounting standard-setting bodies has led to a divergence in interpretation and practice for inventory valuation within the scope of business combinations.