Financial reporting

A sizable chunk of private companies still aren’t ready to implement the new lease accounting standard before the end of the year, despite postponements in the deadline due to the pandemic.

Knowing where your client’s business stands financially has never been more critical for its financial health than now.

There's a lot more to think about than just organizing their financial reports and getting their bills paid.

Accounting for real estate owners has become more difficult since the pandemic broke out last year as tenants stopped paying rent, rules changed for leases, and unused office space proliferated.

The Financial Accounting Standards Board released a proposed accounting standards update Wednesday to better line up a company’s hedge accounting with its risk management strategies.

The commission said the sports apparel company booked revenues earlier than it should have because it was at risk of missing analyst estimates.

The board released a standards update to improve the accounting for modifications or exchanges of freestanding equity-classified written call options, such as warrants.

Having a positive impact on society is more than just making the world a better place; it also makes good business sense.

COVID-19 has been forcing accounting and finance teams to work remotely since last year, prompting reconsideration of how to do financial reporting in the future.

The amendment promises to reduce losses at the beginning of some types of leasing contracts.

The board proposed changing “comprehensive annual financial report” to “annual comprehensive financial report” because the abbreviation sounds like a racist term in South Africa.

U.S. regulators are throwing another wrench into Wall Street’s SPAC machine by cracking down on how accounting rules apply to a key element of blank-check companies.

The board released an ASU that helps the organizations decrease the complexity of performing a goodwill triggering event evaluation.

Other issues take precedence over environmental, social and governance issues for many finance execs, according to a PricewaterhouseCoopers survey.

The Financial Accounting Standards Board said Tuesday the Securities and Exchange Commission has accepted the latest updates to the GAAP Taxonomy for filing financial statements with the SEC.

Plug Power Inc.’s accounting errors sent shares of the fuel-cell maker plunging on Wednesday, dragging down its peers.

Goodwill impairments recorded by public companies declined in 2019, but the COVID-19 pandemic appears to have caused it to spike in 2020, based on early reports.

The lens through which we view a company affects how we measure success. A more complete picture contributes to a more unified understanding of value.

The Financial Accounting Standards Board approved a tweak to the goodwill rules for private businesses and not-for-profits, giving them more flexibility on when to do impairment assessments of triggering events.

CFOs and other finance executives are finding they need to reforecast their company’s liquidity and cash flow on a weekly and even daily basis as they cope with the pandemic.