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GAAP

accountants-small-business

FASB’s proposed 2015 GAAP taxonomy available for comment

02/09/2014(0)
FASB released its proposed 2015 GAAP Financial Reporting Taxonomy on Friday and asked for public review and comment. The taxonomy is a list of financial reporting labels that are ... Read More
fasb1

FASB Unveils Plan to Simplify Inventory, Extraordinary Items

18/07/2014(0)
In its quest to simplify accounting standards, the Financial Accounting Standards Board has issued two new proposals — one to make it easier to measure inventory and another to ... Read More
fasb1

FASB revises standard for accounting of repurchase agreements

13/06/2014(0)
FASB on Thursday issued a revised standard that addresses investors’ concerns with the financial reporting of repurchase agreements and brings U.S. GAAP accounting for such transactions into closer alignment ... Read More
accounting

FASB Seeks to Simplify Accounting Rules

12/06/2014(0)
With an eye on simplification, the Financial Accounting Standards Board has taken up a few short-term projects to cut some unnecessarily complexity out of accounting rules and finalized new ... Read More
wall-street-walks

Bank of America Lost $2.7 Billion in a Maze of Accounting

29/04/2014(0)
Last month, Citigroup failed the Fed’s stress test because, even though it would meet minimum capital requirements in a severely adverse scenario, the Fed wasn’t comfortable with Citi’s capital ... Read More
New-Guidance

FASB Provides Guidance on Reporting Discontinued Operations

11/04/2014(0)
The Financial Accounting Standards Board has issued new guidance on representing when a company or organization discontinues its operations. Accounting Standards Update No. 2014-08, Presentation of Financial Statements (Topic ... Read More
GAAP

Mind the Non-GAAP

27/03/2014(0)
Nontraditional financial metrics can shed valuable light on a company’s operations – or obscure its true condition. Normalized adjusted EBITDA less capex. Adjusted consolidated segment operating income. Adjusted EBITDA ... Read More
fasb

FASB issues update for private companies on consolidation of variable interest entities

21/03/2014(0)
The Financial Accounting Standards Board (FASB) today issued guidance intended to improve private company financial reporting regarding consolidation of lessors in certain common control leasing arrangements. FASB Accounting Standards ... Read More
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