Tweaks and additions to the FASB conceptual framework deal with the definition of materiality and the appropriate content in notes to financial…
Not only companies but also stock analysts and earnings-data clearinghouses are linked to the deception.
Forty-two percent of public companies are either still assessing the impact of the new lease accounting rules or have not even gotten that far, finds…
With ASC 842 slated to take effect in just a few months, accounting teams need a methodical approach to implementation. Here is a guide.
Companies are adopting new standards aimed at improving comparability by implementing a single revenue recognition model.
"Many companies will likely struggle to be ready by the effective date” of the updated lease accounting standard, says a Deloitte executive.
The SEC says a sales scheme that inflated financial results at Maxwell Technologies should have been detected by the former CEO and former controller.
Many companies are underestimating the need to establish a stable, sustainable revenue recognition process under the new standard, says SAP's CAO.
A report by Moody's says lax accounting requirements for reverse factoring arrangements helped mask the U.K. firm's deteriorating financial condition.
Under a Financial Accounting Standards Board proposal, companies could reflect the effects of the new 21% rate on their balance sheets.