The University of Illinois’ Department of Accountancy is getting a head start on educating its students on International Financial Reporting Standards, or IFRS. The IFRS is a set of accounting ...

Discover how creative accounting exploits loopholes in standards to artificially enhance a company's financial image, and learn about its implications for companies and investors.

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Accounting principles help hold a company’s financial ...

FASB made the first of several scheduled maintenance updates to its Accounting Standards Codification on Tuesday as part of an effort to simplify the codification’s structure. No guidance will change ...

The IRS is asking for comments on proposed procedures for requesting consent to make accounting method changes to reflect FASB’s new revenue recognition standards (Notice 2017-17). The proposed ...

The International Accounting Standards Board (IASB) has recently issued a series of amendments to the International Financial Reporting Standards (IFRS), marking a significant shift in the accounting ...

Lawmakers and business leaders have seen a need to harmonize or integrate, the accounting standards of the United States, which operates under Generally Accepted Accounting Principles (GAAP), with ...

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 ...

FASB to weigh whether some stablecoins and other digital assets qualify as cash equivalents, as it also decides which of over ...

Worrying news from former International Accounting Standards Committee secretary-general David Cairns this week. Cairns' survey of IAS usage shows that many of Europe's biggest companies are not fully ...