Financial reporting

Steinhoff International Holdings NV is seeking a three-year extension on most of its 9.6 billion euros ($11.3 billion) of debt as the retailer battles to come to grips with an accounting scandal that’s wiped more than 96 percent off the share price.

A key figure disappeared from Apple Inc.’s latest quarterly report. It’s also gone from the regulatory filings of Netflix Inc., Microsoft Corp., Google’s Alphabet Inc. and Oracle Corp.

Steinhoff International Holdings NV’s shares plunged to a record low after the retailer warned of impairments beyond the 6 billion euros ($7.2 billion) reported in December and said it’s facing at least five lawsuits.

Lawyers for the hip-hop mogul don't want him to testify in a probe of a firm he did business with more than a decade ago.

Warren Buffett has warned about the “nightmare” tied to new accounting-rule changes. Now it’s beginning.

Wesley Bricker said the commission is keeping an eye on a number of new developments in accounting standards and financial reports.

With the deadline looming for private companies to comply with the new revenue recognition standard, many companies are still in the assessment stage and have yet to start the actual implementation work.

The hip-hop mogul is in hot water with Wall Street’s top regulator.

The American Institute of CPAs has issued the final two working drafts of guidance related to rev rec issues for various industries.

The company is probing a problem that was uncovered through an internal reporting system.

Businesses are taking time adjusting to the new revenue recognition and lease accounting rules.

The first step is to admit there’s a problem.

Accountants serving U.S. banks and credit unions are bracing for the impact that the current expected credit loss model may have on the institutions’ allowance for loan and lease losses and capital levels, and these institutions are enacting transition plans now.

The new leasing rules will be hitting corporate balance sheets soon.

The litigation reached unprecedented heights last year, although the total settlement value declined significantly, according to a new report.

The CFA Institute has some advice for investors about the main questions they should be asking about the new revenue recognition standard.

Vague disclosures by public companies about how much they’re paying in taxes don’t appear to be deterring investors, according to a new study.

The new method would provide an alternative to the modified retrospective transition method.

Biotech, pharmaceutical, medical device and related businesses are dealing with recent accounting standards, plus a new tax law, amid a changing landscape for their industry.

Larry Smith, who served as a member of the Financial Accounting Standards Board from 2007 until 2017, is watching some of the standards he worked on for a decade now being rolled out, but he believes the board should be doing more on performance reporting and the FASB Accounting Standards Codification.