The Financial Accounting Standards Board released a post-implementation review Monday of its revenue recognition standard, reflecting on the benefits and costs of the wide-ranging standard a decade ...

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Changes to revenue recognition and lease accounting represent two of the most significant developments in financial reporting in recent years.

The Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) issued jointly written revenue recognition standards on May 28, 2014. The new guidance ...

The first global rule on revenue accounting, a rule that was 12 years in the making, will touch most companies around the world and will have a major impact on certain industries. Under the new rule, ...

Accounting standard setters who aim to finish up a decade-long overhaul of revenue recognition rules by early next year are still struggling with some key issues about how to make revenue recognition ...

A new standard issued by FASB is designed to save time and reduce costs for preparers by eliminating the concept of extraordinary items from GAAP. The 2015 U.S. GAAP Financial Reporting Taxonomy is ...

MENLO PARK, Calif., June 12, 2017 /PRNewswire/ -- The annual Sarbanes-Oxley (SOX) Compliance Survey released by global consulting firm Protiviti today reveals a new set of challenges facing public ...