Learn about Accounting Standard (AS) 12 for government grants. Understand its scope, recognition principles, accounting ...

To those who might remember this column that ran for more than 20 years, and to those who don't, it took something especially ...

A summary of AS 2 and Ind AS 2 for inventory accounting. Learn about valuation methods, cost formulas, and key differences in ...

With the effective date for the new lease accounting standard taking effect at the end of the year for public companies, many are finding themselves unprepared and their accounting systems in need of ...

The Financial Accounting Standards Board’s (FASB’s) new lease accounting standard will become effective for private companies and not-for-profits beginning with fiscal years that start after ...

Entitled 'Reality of accounting for carbon-related instruments', the study examines the annual reports of 300 companies in ...

The standard imposed minimal changes on lessor accounting, and FASB chose not to create a transition resource group (TRG) for lease accounting. The board did create TRGs to aid preparers with ...

FASB will not be providing a last-minute reprieve on its lease accounting standard effective date, despite the concerns of financial statement preparers about the difficulty of implementing the new ...

When the IMR accounting standard was developed in 1992, it was supposed to function in declining and a rising interest rate environments, but the NAIC did not finish the work of addressing high ...

By standard accounting, called GAAP, for Generally Accepted Accounting Principles, the results have been dismal, pushing the stock down 60% in the last 12 months.

A new accounting standard that forbids the acceleration of revenue recognition will hurt near term results at Rolls-Royce Holdings PLC, the aircraft engine maker’s finance chief said during a ...