Accounting standards

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.

Based on a flawed 1998 study, the war on spreadsheets continues unabated.

Accountants must adapt to change before they’re forced to, says the AICPA VP.

The financial instruments standard requires a new kind of calculation that is proving disruptive.

It’s said auditors get off lightly when companies fail. Tell that to the PricewaterhouseCoopers partner who signed off on the accounts of failed British retailer BHS. He has just received a 325,000-pound ($434,000) fine and a record 15-year ban from audit work.

The provider of expense tracking and bookkeeping automation has added features for accounting and bookkeeping partners.

OnPoint PCR provides a full-service solution for preparation, compilation and review.

A long-awaited standards update will clarify a key issue in the not-for-profit world.

The software developers have integrated their offerings to help companies tackle the complex new rev rec standard.

A company that provides training to legal marijuana businesses and their bookkeepers has extended its reach to 26 states.

The Middle Eastern investment firm has been roiled by allegations of misused funds.