Accounting standards

The new lease accounting standard is likely to have a much greater impact on lessees than lessors.

The Governmental Accounting Standards Board has issued implementation guidance containing questions and answers to clarify some of its recent standards.

The American Institute of CPAs plans to e-mail out ballots to CPAs the week of April 18, immediately after tax season, to vote on a proposal to set up an Association of International CPAs in partnership with the London-based Chartered Institute of Management Accountants.

The Financial Accounting Standards Board has named the members who will serve on a Transition Resource Group to help with implementation of its upcoming credit losses standard.

More than half of companies in India are not yet ready for new Indian Accounting Standards, according to a new survey.

The Financial Accounting Standards Board has amended the converged revenue recognition standard it developed with the International Accounting Standards Board to add more guidance about principal versus agent considerations.

Toshiba Corp. is under investigation by the U.S. over allegations that it hid $1.3 billion in losses at its nuclear power operations, according to two people familiar with the matter. Shares plunged in Tokyo.

The Financial Accounting Standards Board has issued an accounting standards update making it easier for companies to transition to the equity method of accounting.

Lee Klumpp of BDO USA describes in this video the trends in accounting standards that not-for-profit organizations are dealing with.

Mergers and acquisitions are prompting companies to take risky accounting maneuvers, warns a new report from Deloitte.

Lee Klumpp of BDO USA discusses in this video the likely timing of FASB's proposed nonprofit accounting standards and how accountants and their clients can get ready for them.

Lee Klumpp of BDO USA talks in this video about the reaction to FASB's proposed changes in accounting standards for nonprofit organizations and some of the changes likely to be in the final standards.

The Financial Accounting Standards Board’s Emerging Issues Task Force has issued an accounting standards update for contingent put and call options in debt instruments.

Lee Klumpp of BDO USA discusses in this video some of FASB's proposed changes in not-for-profit accounting standards.

The Financial Accounting Standards Board’s Emerging Issues Task Force has issued an accounting standards update to address the extinguishment of liabilities and recognition of breakage for prepaid stored-value products, such as gift cards, telephone cards and traveler’s checks.

The Financial Accounting Standards Board’s Emerging Issues Task Force has issued an accounting standards update on the effect of derivative contract novations on existing hedge accounting relationships.

The Securities and Exchange Commission has accepted the Financial Accounting Standards Board’s 2016 GAAP Financial Reporting Taxonomy.

The Financial Accounting Standards Board has issued an accounting standards update for private companies that opt to apply private company accounting alternatives, removing the effective dates for four of the alternatives.

The six largest audit firm networks have agreed with international audit regulators on a new initiative to achieve a measurable reduction in audit deficiency findings by 2019.

Helen Brand, chief executive of the Association of Chartered Certified Accountants, is on a mission to expand accounting education across the world.