Consolidated accounting is used to group the financial information of a parent company and one or more subsidiary companies. A parent company owns the majority of voting shares of a subsidiary company ...

If you own a controlling stake in another business, accounting rules demand that you combine the financial statements of the parent and subsidiaries into one set of financial statements for the entire ...

FASB addressed an area of accounting that has long been a concern for private companies Wednesday with the issuance of a standard designed to improve consolidation accounting for private companies.

A standard issued by FASB on Wednesday is designed to improve targeted areas of consolidation guidance for certain legal entities and make financial statements more relevant for users. The guidance ...

The Financial Accounting Standards Board released an accounting standards update Wednesday for the consolidation of variable interest entities, aiming to reduce the cost and complexity of accounting ...

The Financial Accounting Standards Board has proposed an accounting standards update to reduce the cost and complexity of financial reporting related to the consolidation of variable interest entities ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Last week BDO confirmed that it was going to convert from an entity organized as a limited liability partnership under state law to one organized as a corporation. With that, BDO became the latest in ...

NORWALK, Conn.--(BUSINESS WIRE)--The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) intended to improve targeted areas of consolidation guidance for ...