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 ...

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

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 ...

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 ...

This article provides an expert-level, practitioner-oriented discussion on accounting for the effect of changes in foreign exchange rates with reference to Accounting Standard (AS) 11 — The Effect of ...

Accounting — the language of business — is facing a talent crisis. Across the country, fewer students are choosing to major in accounting, and CPA exam participation has dropped sharply. This ...

The Financial Accounting Standards Board voted to set first-ever requirements on how companies account for environmental credits such as renewable-energy certificates and carbon offsets, while dialing ...

DAKAR, Senegal (AP) — Congo and Rwanda-backed rebels on Saturday signed a declaration of principles in Qatar to end decadeslong fighting and commit to a comprehensive peace agreement that would ...

As calls for culture change have become commonplace in U.S. society, many blame culture for today’s ills: The world is changing too quickly because of technology, global crises, and generational ...