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

FASB to weigh whether some stablecoins and other digital assets qualify as cash equivalents, as it also decides which of over ...

Nonprofit organizations are entities that perform charitable services by accepting funds from the general public. To help regulate activities and encourage the proper use of funds, accounting ...

The Financial Accounting Standards Board released another chapter Wednesday of its conceptual framework related to the recognition and derecognition of an item in financial statements. Chapter 5 of ...

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 ...

The trustees overseeing the Financial Accounting Foundation have named three new members of the Governmental Accounting ...

Discover how creative accounting exploits loopholes in standards to artificially enhance a company's financial image, and ...

This article was updated with additional reporting at 5:20 p.m. Eastern. If the thought of organizing your business financial statements gives you a headache, announcements from two leading U.S.

Multiple options for private company financial reporting have emerged this year as standard setters, the AICPA, and other organizations have sought to reduce complexity and costs for small business ...

If you are the owner of a private company, this is the year you will need to change your accounting framework for the fiscal year following Dec. 31, 2010. Instead of using Canadian generally accepted ...