Bitcoin Seeks Recognition From U.S. GAAP
The FASB is conducting early stage research about developing an accounting standard for digital currency and the technology that underpins …
Extraordinary Items Eliminated From U.S. GAAP
Businesses no longer will have to assess whether a one-time event is considered so rare that it merits separate reporting …
Difference Between Leases and Service Contracts Becomes Clearer
The FASB and IASB agreed to clarify the difference between a lease and a service contract but have yet to …