The provision for income taxes on an income statement is the amount of income taxes a company estimates it will pay in a ...

The Financial Accounting Standards Board released an accounting standards update Monday to improve financial reporting by requiring public companies to disclose, in their interim and annual reporting ...

Learn the essentials of financial accounting tailored for enterprise executives. Make smarter decisions with 5 clear, actionable financial skills.

The Financial Accounting Standards Board released an accounting standards update Monday to clarify the interim effective date of its recently issued standard on disaggregation of income statement ...

Nearly a decade after issuing lease accounting standards in 2016, the FASB is finishing a formal review of the rules.

Companies have always faced a major issue of how to reflect changes in accounting methods and error corrections in financial statements. In 2005 FASB issued Statement ...

FASB has issued Statement no. 158, Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans, to reform accounting for pension and other postretirement benefit plans. The new ...