Financial reporting

Accounting standard-setters are tweaking the rules for the standards taking effect in the next few years, according to officials.

Officials with the Securities and Exchange Commission are keeping a close watch on how companies are adjusting to the new revenue recognition and leasing standards.

Mark Kronforst, chief accountant of the Securities and Exchange Commission’s Division of Corporation Finance, plans to leave the SEC early next month.

Share prices continue to decline steeply after public companies file for an extension with the Securities and Exchange Commission on their financial statements, according to a new academic study.

The American Institute of CPAs has almost finished the process of providing accounting guidance on industry-specific issues related to the new revenue recognition standard.

The Financial Accounting Standards Board decided during a meeting Wednesday to ease some of the implementation burdens and possible costs of the new lease accounting standard by making several adjustments and offering some practical expedients.

Pace University’s Lubin School of Business held its second annual Pacesetters in Financial Reporting Conference in New York on Tuesday, presenting an award to Microsoft as a 2017 Pacesetter in Financial Reporting.

Even statement users are caught in its clutches, as Professors Miller and Bahnson explain in the third article in their series.

Auditors face a special dilemma when it comes to determining if a client can continue, says Stephen Franciosa.

U.S. public companies recorded $28.5 billion in goodwill impairment in 2016, half the $56.9 billion they reported in 2015, according to a new study.

Mark your calendars! The effective date for the FASB and IASB’s new revenue recognition accounting standards (ASC 606 and IFRS 15) is approaching.

The upcoming revenue recognition standard is likely to accelerate the earnings of many software companies, with many developers likely to transition from upfront license sales to subscriptions, according to a new report.

Many businesses are still getting ready for the new revenue recognition and leasing standards, and in some cases that involves changing their technology and processes.

The Financial Accounting Standards Board’s new standard on accounting for credit losses will require some major changes for banks, particularly smaller ones, as well as many companies that provide loans.

Tax credits cherished by the wind and solar industry remain under a rewrite of the tax code revealed by House Republicans, but the measure would trim the wind energy’s production tax credit by more than a third.

In the second of a series of articles, Profs. Miller and Bahnson explore a new paradigm for corporate reporting.

Corporate investment decisions must achieve a balance between short- and long-term performance objectives to sustain future growth.

The recent string of devastating hurricanes and wildfires in the U.S. and its territories has prompted questions about financial reporting by companies striving to recover from natural disasters while wrestling with their insurance companies over damage claims.

The Public Company Accounting Oversight Board will be looking out for some major risk areas at audit firms in the months ahead.

It is a lot more than bitcoin, and will potentially transform the profession.