The Financial Accounting Standards Board and the International Accounting Standards Board issued amendments Thursday to improve and align the presentation of items of other comprehensive income in ...

Companies periodically report gains, losses, income and expenses on their income statements. This statement distinguishes between your company's results from operations and those from other sources.

In an effort to simplify its Accounting Standards Codification, FASB has combined its guidance for income statements and comprehensive income into one topic. Previously, FASB’s guidance on these ...

Hedge documentation is important in both financial reporting and income taxation.For financial accounting purposes, on the date of the hedge, an entity must identify the hedged item, the instrument ...

Companies often invest in the securities of other companies. Sometimes, the intent is to gain significant influence over the investee, while at other times the investment is simply a way to earn money ...

The “Green Book” is a US Treasury Department document that presents detailed explanations of an Administration’s revenue proposals in support of a President’s annual budget request. On May 28, 2021, ...

Saudi Industrial Development Co. (SIDC)corrected an accounting treatment relates to its stake in Arabian Industrial Fibers Co. (Ibn Rushd), by reclass ...