Learn about Accounting Standard (AS) 12 for government grants. Understand its scope, recognition principles, accounting ...

To those who might remember this column that ran for more than 20 years, and to those who don't, it took something especially ...

Bloomberg Tax and Accounting announced the launch of an embedded solution meant to help users adhere with the latest FASB ...

A comparison of AS 18 and Ind AS 24 related party accounting standards. Learn key differences in definitions, disclosures, and how they impact financial ...

ESG efforts will continue to grow in importance, and we’ll likely see this shape the future of lease accounting, including a ...

Entitled 'Reality of accounting for carbon-related instruments', the study examines the annual reports of 300 companies in ...

When the IMR accounting standard was developed in 1992, it was supposed to function in declining and a rising interest rate environments, but the NAIC did not finish the work of addressing high ...

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 ...

The lease accounting standard takes effect for public companies in 2019 and for most other entities in 2020. It is designed to provide investors with more information by bringing lease assets and ...

The standard imposed minimal changes on lessor accounting, and FASB chose not to create a transition resource group (TRG) for lease accounting. The board did create TRGs to aid preparers with ...

The introduction of Accounting Standards Update No. 2016-02 by the Financial Accounting Standards Board, which codified the standard as ASC 842, requires all leases longer than one year in length ...