The February webcast included one-on-one discussions with the chairs of the accounting and auditing standard setters.

Mitsubishi UFJ Financial Group, Inc. today announced that the interim review of the quarterly consolidated financial statements for the nine months en ...

Tesla reported a $600 million gain on its 11,509 Bitcoin holdings in Q4 2024, benefiting from new FASB accounting rules that ...

The stock could be eligible for S&P 500 index inclusion once it adopts updated FASB accounting standards, the report said.

The US accounting standard-setter told its staff to write up a final plan based on its proposal giving clarity to companies that offer customers certain share-based financial incentives.

Boston Scientific Corporation (NYSE: BSX) generated net sales of $4.561 billion during the fourth quarter of 2024 ...

Penns Woods Bancorp, Inc. (NASDAQ: PWOD) Penns Woods Bancorp, Inc. achieved net income of $17.7 million for the twelve months ended December 31 ...

Southwest Airlines Co. may be at risk of a comment letter from the Securities and Exchange Commission after including adjusted revenue in its fourth-quarter earnings report published early Thursday.

Apple Inc., Salesforce Inc., and Big Four accounting firms generally endorsed a plan to better align financial reporting with ...

Tesla overall reported adjusted EPS of $0.73 in the fourth quarter, missing estimates for $0.76. The gain on its bitcoin holdings was for GAAP purposes and would have had no effect on adjusted EPS.

Company executives know they have to follow U.S. accounting rules set by one board while their auditors must obey regulations from another. They may not appreciate the different political ...