Learn how International Financial Reporting Standards (IFRS) create global accounting consistency, enabling transparent and comparable financial reports in 169 jurisdictions.

The International Financial Reporting Standards Foundation revised its Due Process Handbook, outlining the steps used for ...

Accounting principles are the rules that public companies must use when preparing and disclosing their Accounting principles ...

The Financial Accounting Standards Board added a project to its technical agenda to allow insurance companies to use the ...

FASB published an Accounting Standards Update that provides authoritative guidance on how an issuer should initially measure ...

With the emergence of International Financial Reporting Standards (IFRS), most discussion of the proposed convergence of U.S. generally accepted accounting principles, or GAAP, and IFRS standards has ...

As a business owner, you understand that accounting has to be accurate, but you may not know why accounting standards – the rules with acronyms such as GAAP and IFRS – are such a big deal. If you were ...

Members of Congress have recently introduced bipartisan legislation to delay the implementation of a new accounting standard that will require many banks to more carefully calculate, and report in ...

GAAP rules are constantly being clarified and tightened, reducing gray areas and increasing consistency, which means less flexibility and more scrutiny from auditors. Here is an executive-level ...

The insurance industry has long sought the change for hedge accounting related to life insurance policies and other ...

In a prior article, I wrote about the appeal of counting the Federal Government as a customer, because of the size of the government’s budget, as well as its creditworthiness. In that article, I ...