In 2016, the Financial Accounting Standards Board and International Accounting Standards Board issued new accounting standards, ASC 842 and IFRS 16, which change how organizations are required to ...

The Financial Accounting Standards Board’s new lease-accounting standard, ASC 842, went into effect for public transportation and logistics companies last year. FASB recently proposed extending the ...

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

The International Accounting Standard 1 (IAS 1) serves as a foundational framework for financial reporting, guiding how organisations present their financial statements. However, its implementation ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Accounting, financial management and financial ...