The Financial Accounting Standards Board voted to approve an accounting standards update that would enable more companies to opt for a proportional amortization accounting method for their tax credit ...

When companies issue a bond, they do so with a par value and a coupon rate: the terms that dictate the yield of the bond for potential investors. However, once they reach the market, bonds can trade ...

The heads of two major accounting standard-setters said they hope to streamline rules on goodwill accounting, despite their boards largely disagreeing on the key issue of whether companies should be ...

Late last year, Congress passed and President Biden signed into law the Consolidated Appropriations Act of 2023. This bill included funding for the federal government for 2023 but left out the ...

When a company acquires assets, those assets usually come at a cost. However, because most assets don't last forever, their cost needs to be proportionately expensed based on the time period during ...