Learn what an onerous contract is, regulations for reporting them, and examples. Explore how IFRS and GAAP differ in handling these unfavorable contracts.

On May 17, 2024, the Director of the Division of Corporation Finance of the Securities and Exchange Commission, Erik Gerding, and the Chief Accountant, Paul Munter, issued a statement regarding ...

There are two dominant systems of accounting used by corporations around the world. In the U.S., companies use the generally accepted accounting principles, or GAAP, while international companies use ...

Identification and understanding of all the sustainability related risks and opportunities that could reasonably be expected to affect an entity’s prospects underpin Governance, Strategy, Risk ...

The trustee’s responsibilities will include oversight of the foundation's governance and strategy in relation to the IASB and ...

Paul Atkins warned the SEC might eliminate a rule that allows multinational companies to avoid reconciling their IFRS ...