Applicable standards include generally accepted accounting principles for private companies, International Accounting Standards (IAS 16) and International Financial Reporting Standards. The standard ...

The Financial Accounting Standards Board has added five more projects to its agenda for simplifying accounting standards, including short-term projects related to debt and tax accounting. Last month, ...

When compared to cash accounting, the accrual method provides a more accurate picture of the economic condition of a construction project. In the cash method, you book revenue when you receive it and ...

If the project is awarded and the cost share accepted by the sponsor, one or more grant cost share worktags will be created by Sponsored Projects to account for cost shared expenses that can be ...

The International Accounting Standards Board convened a meeting this week to discuss its approach to adding new projects to its work plan, along with ongoing projects on the equity method of ...