The codification is effective for interim and annual periods ending after Sept. 15, 2009. All existing accounting standards documents will be superseded by the codification, and all other accounting ...

The Governmental Accounting Standards Board is proposing to overhaul the structure for providing guidance on U.S. GAAP for ...

The Financial Accounting Standards Board, FASB, is a private, independent organization that since 1973 has been given the authority by the U.S. Securities and Exchange Commission, or SEC, to establish ...

What Lawyers Need to Know About the Codification of Accounting Standards Financial statements play an integral role in business as well as a multitude of legal matters, including, but not limited to, ...

The Financial Accounting Foundation (FAF) on Monday released its free, enhanced online access to the Accounting Standards Codification (ASC) and the Governmental Accounting Research System (GARS), ...

Nonprofit organizations are entities that perform charitable services by accepting funds from the general public. To help regulate activities and encourage the proper use of funds, accounting ...

Preparers have long wanted a simpler, easier, better kind of GAAP, especially when it comes to accounting for stock options and other share-based payments. Now, says CW’s Tammy Whitehouse, it looks ...

Businesses today are operating in an unprecedented time of change, forcing organizations to drive results while also navigating an increasingly complex marketplace. One such important change is with ...