US accounting standard maker will also consider how companies should recognise and report transfers of crypto assets.

The Financial Accounting Standards Board recently introduced a significant update to the accounting standards for certain crypto assets, like bitcoin. This update, known as the Accounting Standards ...

Simply having a finance team with a traditional accounting skill set will not suffice in this new phase of the digital ...

Discover what physical assets are, their types, and how they're accounted for in business. Learn how they impact financial statements and business operations.

The Financial Accounting Standards Board proposed an accounting standards update Tuesday to improve the accounting for purchased financial assets, including those acquired in a business combination.

Learn about changes in accounting principles and why businesses make them, as well as the reporting and recording requirements that accompany these changes.

Accounting is undoubtedly one of the most crucial components of running a successful business. It's impossible to overlook the significance of keeping track of your finances. With a clear ...

Even though bitcoin was introduced to the world over a decade ago and nonfungible tokens (NFTs) have been in development since 2014, argument persists over the underlying value of digital assets, ...

Accounting is vital to a business’s financial hygiene; here’s everything entrepreneurs need to know about it. Many, or all, of the products featured on this page are from our advertising partners who ...

FASB is seeking comments on a proposed Accounting Standards Update (ASU) that is intended to improve the accounting for purchased financial assets, requiring that all the assets — with certain limited ...