Knowing GAAP accounting principles will help you understand why your accountant does the things they do. Many, or all, of the products featured on this page are from our advertising partners who ...

The Financial Accounting Standards Board and XBRL US have completed their work in revising the XBRL U.S. GAAP Taxonomy to reflect the FASB Accounting Standards Codification that was released on July 1 ...

One of contemporary accounting's most persistent issues has taken a turn toward resolution as the American Institute of CPAs and the Financial Accounting Standards Board agreed to consider creating ...

The US FASB is evaluating whether to expand its crypto accounting guidelines to include rules for crypto asset transfers.

The United States Financial Accounting Standards Board has unanimously approved rules for accounting for the fair value of companies’ cryptocurrency holdings, according to media reports. The rules ...

"FASB says costs of leases standard were higher than anticipated " was originally created and published by The Accountant, a ...

NEW YORK--(BUSINESS WIRE)--XBRL US announced today that the Financial Accounting Standards Board (FASB) has incorporated freely available validation rules into the 2020 release of the US GAAP ...

I ran for Congress on the idea that the national books of the U.S. government were not being kept in a transparent, modern accounting framework. I won.

WASHINGTON, DC - APRIL 27: The Internal Revenue Service headquarters building appeared to be mostly empty April 27, 2020 in the Federal Triangle section of Washington, DC. The IRS called about 10,000 ...

WASHINGTON, March 14 (Reuters) - The U.S. Securities and Exchange Commission said on Tuesday that IT services firm DXC Technology (DXC.N), opens new tab had made misleading disclosures about its ...

Generally accepted accounting principles, known as GAAP, are a standard set of guidelines followed by US accountants and corporations. Since publicly traded companies are required to report GAAP ...