Learn about impairment loss, its impact on assets, and how it is calculated when market value falls below book value in financial statements.

The Institute submitted a letter in response to the Department of Education's plan to exclude accounting from its definition ...

"Uncertainty" in accounting refers to the difficulty of predicting outcomes because of limited or inexact knowledge. Financial statements often contain estimates and other information based on ...

Have you ever wondered how businesses keep track of their money? How do they know about their expenses or earnings, or how do they gauge whether they are actually making a profit or heading towards a ...

Learn how general provisions function as financial safeguards, set aside by companies to cover potential future losses, and the regulations that guide their use.

The final A&A Focus webcast of 2025 brought together timely technical updates, practical guidance for year-end reporting, and clear explanations of several new and forthcoming accounting standards.

This article explains the approach taken by the IASB and reflects on the alignment approach adopted by the board. This article will be followed with two more articles in the same series on the third ...

The North Carolina Environmental Management Commission has passed regulations for three kinds of common PFAS, toxic chemicals found in water, air, and common household items. The Environmental ...

In a July 15 message to the Columbia community, acting University President Claire Shipman, CC ’86, SIPA ’94, announced “additional commitments to combatting antisemitism.” Among these, she informed ...

Michael Saylor‘s Strategy Inc. (NASDAQ:MSTR), formerly MicroStrategy, was hit with a lawsuit, specifically after adopting the new accounting rules of reporting cryptocurrency assets on its financial ...

The Financial Accounting Standards Board released an accounting standards update Monday to improve the requirements for identifying the accounting acquirer in business combinations such as mergers and ...