Learn what an onerous contract is, regulations for reporting them, and examples. Explore how IFRS and GAAP differ in handling these unfavorable contracts.

The targeted new guidance detailing how companies should capitalize certain software costs is effective for annual reporting ...

Under the rules proposed by the CAS Board within the OMB Office of Federal Procurement Policy, the U.S. government will now rely on Generally Accepted Accounting Principles, or GAAP, to protect its ...

Jim Chanos targets Oracle's $300 billion OpenAI backlog, warning the deal doesn't start until 2027 and citing past ...

The organisation had previously expressed concerns over the combination of accounting with other commerce subjects such as ...

In today’s rapidly evolving digital landscape, fraud and financial crime have become increasingly complex and create pervasive issues ...

This Annual Review ("Review") covers significant developments in federal securities law and regulation during 2024. The Review is divided into three sections: regulatory actions, accounting statements ...

Investopedia / Laura Porter Financial accounting utilizes a series of established principles. The accounting principles used depend on the business's regulatory and reporting requirements. Companies ...

Accelerate your tech game Paid Content How the New Space Race Will Drive Innovation How the metaverse will change the future of work and society Managing the ...

Non-Profit Organizations (NPOs) and Non-Governmental Organizations (NGOs) have emerged as pivotal institutions in modern society. Their significance lies not in generating profits but in delivering ...

Modern commerce thrives on collaboration and resource-sharing. Businesses today seldom operate in isolation. Instead, they rely on specialized contractual relationships to penetrate new markets, ...