If it's indeed recognized, the subsequent accounting for an intangible asset can include amortization, impairment and remeasurement (such as remeasurement of certain crypto assets to fair value). The ...

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) to address the accounting for and ...

The Financial Accounting Foundation report found the Private Company Council has been performing its duties effectively and ...

The Financial Accounting Standards Board (FASB) has adopted Fair Value Accounting for Bitcoin. Companies holding Bitcoin will ...

In this article, we’ll discuss SAP accounting in detail, including its cornerstone concepts and its key differences from GAAP accounting. Conservatism requires insurers to take a defensive ...

FASB News Proposed New Rules for Environmental Credits and Obligations. FASB has proposed a new accounting standard to ...

Starting today, companies can report the fair value of cryptocurrency assets they hold according to an update and amendment ...

Daniel Tinkelman, a professor of accounting at Brooklyn College of the City University of New York, wants the FASB to clarify ...

The December webcast also included updates on the AICPA Accounting Standards Review Committee’s preparation standards exposure draft and on recent FASB news.