A majority of S&P 500 companies chose the simplicity of the modified retrospective transition for their revenue recognition standard implementation, a new white paper shows. FASB’s new revenue ...
Members of the Financial Accounting Standards Board voted 6 to 1 at a meeting in March to create a new, optional transition method for lessees under the ASC 842 lease accounting standards. The new ...
The Financial Accounting Standards Board is considering changes in the transition requirements for its long-duration insurance standard. FASB issued a proposed accounting standards update Thursday to ...
If FASB follows through with its plan to mandate a direct-method cash flow statement for not-for-profit entities, experts say financial statement preparers would be wise to address implementation ...
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