IFRS vs. GAAP: Key Differences in Accounting Standards Explained

Discover the key differences between IFRS and GAAP accounting standards, and learn how they impact financial reporting for ...
Houston Chronicle

Accounting Standards for Nonprofits

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 ...
Accounting Today

New accounting standards require subscription businesses to act now

With the new accounting standards weighing on companies that offer subscriptions as at least a portion of their businesses models, the first step is to admit there’s a problem. Processing Content The ...
Accounting Today

Differences between the FASB and IASB lease accounting standards, and how companies can prepare for both

Accounting and finance organizations for many multinational businesses are currently working to create plans for two separate lease accounting standards: the Financial Accounting Standards Board’s ASC ...

Accounting Interpretation: Definition, Purpose, and Real-World Example

Learn about accounting interpretations, why they matter, and how they clarify standards, prevent errors, and provide consistency in financial reporting.
Houston Chronicle

Definition of Accounting Standards Codification

The Financial Accounting Standards Board, FASB, is a private, independent organization that since 1973 has been given the authority by the U.S. Securities and Exchange Commission, or SEC, to establish ...
Forbes

Private Market Prepares To Adopt New Lease Accounting Rules: Lessons Learned From Public Companies

As a result of Covid-19 and the changing landscape related to leases, private companies have received more time to prepare for and adopt the new lease accounting standards in their financial reporting ...
Institutional Investor

Why Investors Should Care About the Next Generation of Accounting Standards

We take accounting standards for granted — whether it is the U.S.’s generally accepted accounting principles or the International Financial Reporting Standards. We shouldn’t. In the U.S., accounting ...
Yahoo Finance

FASB finalizes new government grant accounting standards

The Financial Accounting Standards Board issued new standards providing specific guidance for how companies should account for government grants they receive, according to a Thursday press release ...
Cryptopolitan on MSN

IASB puts crypto on 2026 accounting agenda

IASB has shared plans that could involve addressing crypto and digital assets as part of its broader efforts to update existing accounting frameworks in 2026.
JournalofAccountancy

Accounting for cloud computing: What you need to know

Many companies and accounting firms have been focusing on new standards on revenue recognition and accounting for leases, hedging, and credit losses. But another new FASB standard — on cloud computing ...