The Financial Accounting Standards Board issued Thursday its long awaited accounting standards update for credit losses, part of the convergence project on financial instruments that it has been ...

The International Accounting Standards Board has issued the final element of iits own long-awaited financial instruments accounting standard after failing to reach a consensus with the U.S. Financial ...

NORWALK, Conn.--(BUSINESS WIRE)--The Financial Accounting Standards Board (FASB) has issued an Exposure Draft (ED) of a proposed Accounting Standards Update (ASU) intended to improve accounting for ...

The Accounting Standards Board will announce next week new standards on financial instruments that it says will impact virtually every business entity in Canada. “These standards are a culmination of ...

FASB issued a two-part proposal Wednesday that is designed to address the complexity related to applying GAAP to certain financial instruments associated with liability and equity. In Part I of the ...

Two of the most common types of debt instruments used in business are promissory notes and bonds. But despite the differences between the two instruments, the fundamental financial accounting concepts ...

Following a Private Company Council recommendation, FASB issued a new standard Thursday that simplifies the accounting for certain financial instruments with down round features. Down round features ...

SAP SE (SAP) announced today that Klarna, one of Europe´s leading payment providers for online stores, has become the first customer to go live with smart accounting for financial instruments (smart ...

The primary difference between financial and managerial accounting is one of audience. There are certain measures and metrics that may be more important to the operational control of business elements ...

In an increasingly data-driven business world, accountants and financial advisors are indispensable to organizational strategy and success. They are responsible for collecting and tracking key ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Accounting is the process of keeping track of all financial ...