FASB

FASB Defers Revenue Recognition Standard for 1 Year

The Financial Accounting Standards Board has voted to propose to defer the effective date of the new revenue recognition standard by one year after hearing [...]

FASB Rids Income Statements of ‘Extraordinary Items’

In accounting terms, could the effects of the terrorist attacks of Sept. 11, 2001 be called an “extraordinary and unusual” item, appropriate for separate [...]