The AICPA updated its digital assets practice aid to assist practitioners with newly effective FASB standards. The practice aid, Accounting for and Auditing of Digital Assets, includes a new ...

In the run-up to the introduction of accounting standards for the reporting of cryptocurrency, companies took various approaches to disclosing their involvement with the novel exchange medium.

Introduction: In an era where financial accuracy is paramount, understanding accounting standards is crucial. This article delves into essential aspects of these standards, offering insights that are ...

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 ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

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 ...

If you own a small business in the U.S. that is privately held but sells goods and services overseas, the Securities and Exchange Commission doesn't require your company to adhere to the generally ...

The Financial Accounting Standards Board and the International Accounting Standards Board said Friday they would work together on seeking to reduce the differences in their classification and ...

No doubt, like me, readers were astonished to see lawyers attempting to interfere in the accounting standard setting process (Accountancy Age, page 1, 7 November). Whenever you see a lawyer butting ...