A big change in lease accounting rules effective Jan. 1 requires companies to record operating leases on their balance sheets. Operating leases include everything a company rents to run its ...

A study initialled by the Commission boosts the case of major accounting firms to gain more protection from ruinous damages claims, but dismisses an EU-wide one-size-fits-all approach.

Recognizing deferred revenue also helps businesses adhere to the accrual accounting method, which can be a more accurate way to reflect a company’s financial situation.

The Financial Accounting Standards Board has decided to tweak some of its standards related to contract assets and liabilities for construction contractors in response to recommendations from its ...