The Financial Accounting Standards Board has issued a new Accounting Standards Update to address growing confusion over what qualifies as a derivative under U.S. GAAP. The move responds to concerns ...

Discover how Statements of Financial Accounting Standards (SFAS) guide U.S. accounting principles. Learn about their impact and why they've been replaced.

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

The December A&A Focus webcast reviewed FASB ASUs becoming effective for calendar year-end engagements and looked forward to 2026, delivered practical insights on determining lease terms under FASB ...

The documents that comprise the taxonomies can be accessed via FASB’s taxonomies webpage or individually at the following ...

The Financial Accounting Standards Board issued a new accounting standards update Tuesday aimed at improving its existing hedge accounting guidance. It expands the hedged risks that are allowed to be ...

Under Accounting Standards Update 2023-09, companies must detail much more information on the income taxes they pay than was ...

Advanced radars that have been developed to upgrade the capabilities of fourth-generation fighter jets. A computer can steer the radio beam without physically moving the antenna. Among their ...

Ally | A person who is not LGBTQ but shows support for LGBTQ people and promotes equality in a variety of ways. Androsexual | A person who is emotionally, romantically or sexually attracted to ...

The Big Four firms control 74% of the global accounting market after multiple mergers. These firms offer a wide range of services, including audit, tax, and consulting. Their dominance is crucial as ...