The Financial Accounting Standards Board and the International Accounting Standards Board have jointly published a draft standard to improve and align the financial reporting of revenue from contracts ...

NORWALK, Conn.--(BUSINESS WIRE)--The International Accounting Standards Board (IASB) and the US-based Financial Accounting Standards Board (FASB) agreed today to re-expose their revised proposals for ...

Businesses want to maximize their revenue in the hope that more revenue will equal greater profits. However, just because a business receives payment does not mean that it can record the proceeds as ...