Purpose: To provide an overview of the fundamentals for basic fund accounting and the financial reporting structure within the context of higher education accounting, Generally Accepted Accounting ...

Public comments are sought on the board’s effort to provide authoritative guidance in an area not currently covered by GAAP. In addition, FASB seeks feedback on potential standard setting related to ...

A vendor can list a consideration on their income statement as a cost, if the customer provided assets or services (Financial Accounting Standards Board [FASB], 2009, 605-50-45-1). If you’ve provided ...

It provides the organizing framework for both financial and management reporting within the financial ... to capture data for management and financial accounting.

The Financial Accounting Standards Board is seeking comments on a practical expedient and an accounting policy election for ...

The Financial Accounting Standards Board released a post-implementation review of its rev rec standard a decade after its ...