When I speak with accountants about tokenised assets, the first question is almost always the same: "Which accounting ...

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 ...

The Federal Accounting Standards Advisory Board issued staff implementation guidance implementing its Management Discussion and Analysis standard from 2024.

Current IASB chair Andreas Barckow's term ends on June 30, but his final successor isn't expected to be installed until Oct. 1.

The Financial Accounting Standards Board recently introduced a significant update to the accounting standards for certain crypto assets, like bitcoin. This update, known as the Accounting Standards ...

Barclay Palmer is a creative executive with 10+ years of creating or managing premium programming and brands/businesses across various platforms. Somer G. Anderson is CPA, doctor of accounting, and an ...

The final A&A Focus webcast of 2025 brought together timely technical updates, practical guidance for year-end reporting, and clear explanations of several new and forthcoming accounting standards.

In 2016, the Financial Accounting Standards Board (FASB) released a new standard, ASC 606 - Revenue from Contracts with Customers. The new standard is effective for Dec. 31, 2019, financial statements ...

The AASB’s new Tier 3 reporting standard simplifies compliance for small not-for-profits and ends the use of special-purpose ...

New lease accounting rules have resulted in potentially misleading data feeds, inconsistent financial reporting and other discrepancies that could confuse and misinform investors, Credit Suisse Group ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Timothy Li is a consultant, accountant, ...

In recent years, the demands of international business have forced the accounting profession to examine how it records transactions and creates financial reports. With the growth in Internet commerce ...