Financial reporting

The vast majority of S&P 500 issuers are using the modified retrospective method of adopting the new rules.

The accounting standard redefines the rules for operating leases.

In Larry Culp’s first earnings day as CEO, the company revealed an expanded federal probe into its accounting.

Companies are still behind schedule in getting ready for the impending standard, according to a new survey.

General Electric Co.’s new chief executive officer got off to a rocky start with Wall Street as the company revealed an expanded accounting probe by U.S. authorities.

A study suggests that a background in audit can be a double-edged sword in the C-suite.

The Financial Accounting Standards Board’s new hedge accounting standard is prompting some companies to adopt the standard ahead of the Jan 1, 2019 effective date, though many companies are still not using hedge accounting at all.

The underlying challenges are becoming more apparent in comment letters from the Securities and Exchange Commission.

The Prince of Wales’ Accounting for Sustainability project and the International Integrated Reporting Council intend to promote sustainability reporting and integrated reporting at the World Congress of Accountants that’s set to take place in Sydney, Australia in early November.

Touting figures may give companies a short-term boost, but often leads to a long-term drop.

The International Integrated Reporting Council has tapped a former global managing partner at McKinsey & Company as its new head.

Two new documents from the board suggest enhancements to the reporting model, and new ideas about recognizing elements in financial statements.

In the first case of its kind, the commission assessed $250,000 in penalties.

FloQast, a provider of close management software, is eyeing the problems with the new revenue recognition standard, especially for privately held technology companies like itself.

Bloomberg Tax has introduced a leased assets application to help organizations comply with the Financial Accounting Standards Board’s new leasing standard.

Auditors will be exempted from some independence requirements to help clients reconstruct records.

Many companies are finding the transition to the new accounting standards to be trickier than expected.

Twitter Inc. shares are sliding after one Wall Street bear rang the alarm on the firm’s spending, flagging “smoke and mirrors on the cost line.”

Profs. Miller and Bahnson reprise an old column to take down an old proposal that's gained some new adherents.

The council's annual report claims growing acceptance of the framework around the world.