Accounting standards

At least one of the Financial Accounting Standards Board’s new moves is so well liked, some companies want to adopt it as of yesterday.

Tax reform may encourage the use of digital currency.

Japanese electronics giant posts massive writedown and chairman resigns on the heels of accounting scandal, providing hours of chaos that shook investor confidence.

The number of changes facing the accounting profession will leave most practices radically altered in the near future, according to Barry Melancon, the president and CEO of the American Institute of CPAs.

Corrado Sciolla quits as the fallout from the British phone carrier’s Italian unit spreads.

Intuit’s exec Angela Camp and National Consumers League VP John Breyault appointed to the Electronic Tax Administration Advisory Committee.

Chris Henkel of Moody's Analytics discusses in this video how companies will be adjusting their processes to comply with FASB's new current expected credit loss model for financial instruments accounting.

The Ernst & Young global network’s member firm charged with audit failure, noncooperation, and violations of quality control standards.

Chris Henkel of Moody's Analytics discusses in this video how FASB's new standard on current expected credit losses could affect the assets and loans on a company's financial statements.

A wide range of accounting and financial executives are tasked with evaluating what adjustments will need to be made and what new procedures will need to be put in place to handle the change.

Chris Henkel of Moody's Analytics explains in this video how FASB's new financial instruments standard on loan losses might apply to financial institutions of different sizes.

Chris Henkel of Moody's Analytics discusses some of the major features of FASB's new financial instruments standard on accounting for loans.

FASB's current expected credit loss standard represents a major challenge for financial institutions -- and other businesses, too. Moody's Analytics' Chris Henkel discusses what it means.

Combined revenue at member firms increases to $3.2 billion, while the number of partners and staff increased 8.9 percent.

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Working with Nonprofits

Five more misconception find themselves in the crosshairs of Profs. Miller and Bahnson.

The Governmental Accounting Standards Board has published guidance on when liabilities to beneficiaries should be recognized.

The complexity of the new rules means that your clients should start getting ready now -- and you should be helping them.

The Financial Accounting Standards Board recently released a new accounting standards update on consolidation for not-for-profit entities. Lee Klumpp, director in BDO’s Institute for Nonprofit Excellence, discusses the implications for organizations and how they are dealing with the other new rules FASB issued last year for nonprofits.